PANews reported 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 reported 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.

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

2025/10/16 10:11
1 min read
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PANews reported 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.

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