A whale/institution bought 10,000 ETH again through OTC bottom fishing

PANewsOct 16, 2025
#Layer1 USDC0.00%ETH-2.32%MAG7.SSI-2.18%
On October 16 that according to monitoring by on-chain analyst Yu Jin, after clearing out their positions at an average price of $4,458 at the beginning of the month, "whales/institutions that have made a profit of $93.74 million through the $ETH band" have started buying $ETH through OTC again today: they transferred 39.87 million $USDC to Wintermute 8 hours ago, and then withdrew 10,000 $ETH at a purchase price of $3,987. [PANews]
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A whale/institution bought 10,000 ETH again through OTC bottom fishing

PANewsOct 16, 2025
#Layer1 USDC0.00%ETH-2.32%MAG7.SSI-2.18%
On October 16 that according to monitoring by on-chain analyst Yu Jin, after clearing out their positions at an average price of $4,458 at the beginning of the month, "whales/institutions that have made a profit of $93.74 million through the ETH band" have started buying ETH through OTC again today: they transferred 39.87 million USDC to Wintermute 8 hours ago, and then withdrew 10,000 ETH at a purchase price of $3,987. [PANews]
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