- Institution sold ETH for $78.63M with a 43.2% gain
- Reentered with a $75.39M ETH buy via Wintermute OTC
- Now sitting on $1.13M in fresh unrealized gains
In a move that showcases both timing and strategy, a smart institution recently sold 30,000 ETH for $78.63 million, locking in a solid 43.2% profit over just 25 days. That transaction netted them an impressive $23.73 million gain, showing textbook execution in profit-taking during a bullish cycle.
But that wasn’t the end of the story.
Rebuy Before the Rally
Just four days after exiting, the same institution made another big play—rebuying the exact same amount of ETH (30,000 tokens) for $75.39 million. The purchase was done over-the-counter (OTC) through Wintermute, a well-known crypto liquidity provider. What’s notable is the timing: this buyback happened just hours before ETH’s latest surge.
As of now, this freshly reloaded position is already up by $1.13 million in unrealized profits. Whether this was luck or calculated foresight, it’s clear that this institution understands the rhythm of the crypto market—and knows how to ride its waves.
Smart Money Moves in Silence
These kinds of OTC trades often fly under the radar, but they reveal a lot about what “smart money” is doing. The use of Wintermute OTC, instead of public exchanges, allowed the institution to avoid slippage and execute the buy discreetly. These silent but sharp maneuvers are what set top-tier players apart in the crypto space.
With ETH showing renewed momentum, this institution could be positioning itself for another profitable run. And if history is any guide, they might already be planning their next exit.
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