Crypto Whale Makes $78 Million Profit From Ethereum OTC Trades with Wintermute

A large cryptocurrency investor executed a significant over-the-counter (OTC) trading operation involving Ethereum and Bitcoin, resulting in a realized profit of $23.73 million. This transaction was facilitated by the trading firm Wintermute, which saw a massive on-chain activity spike of over $222 million within 24 hours. Arkham Intelligence data confirms that 30,000 ETH were sold just before publication, while 600 BTC remain unsold, worth approximately $66.5 million in unrealized gains. Wintermute’s network activity suggests institutional-scale trading behaviors designed to reduce market impact and slippage.