9,458 Bitcoin Moved From Wintermute to 40 New Wallets, Fueling Whale Accumulation View
Summary
- Lookonchain said 40 new wallets withdrew more than 9,400 Bitcoin from Wintermute, suggesting a whale is accumulating Bitcoin.
- According to Arkham data, 9,458 Bitcoin was moved from Wintermute to 40 wallets created since Oct. 1, with the holdings valued at about $771.5 million.
- Still, the number of new wallets does not equal the number of investors, and the transfers may simply reflect a change in custody arrangements or settlement activity, making it difficult to confirm them as fresh buying.
Forecast Trend Report by Period
Forty newly created wallets have withdrawn more than 9,400 Bitcoin from Wintermute this month, on-chain data showed.
Lookonchain said on Oct. 22 that the transfers suggest a whale may be accumulating Bitcoin.
Arkham data show a total of 9,458 Bitcoin was moved from Wintermute to 40 wallets created since Oct. 1. The holdings were worth about $771.5 million at the time of the tally.
Still, the number of new wallets does not necessarily match the number of investors. The transfers may also reflect a change in custody arrangements or settlement activity, making it difficult to conclude that they represent fresh buying.
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