Three newly created wallets received 1,090 BTC, worth about $90.38 million, from Wintermute on Oct. 20-21. It is the second near-identical transfer in a week, and the buyer's identity is unknown.
Three brand-new wallets received 1,090 BTC worth about $90.38 million from market maker Wintermute, according to Lookonchain. The first wallet holds 364.09 BTC, the second 363.64 BTC and the third 362.04 BTC.
Each address first got a test deposit of 0.0002 to 0.0003 BTC. The first two then took their main payments in the same block at 21:30 UTC on Oct. 20, and the third filled just after midnight.
A second transfer through the same channel
The pattern is not new. On Oct. 14, Lookonchain reported that five newly created wallets had received 1,162 BTC from Wintermute, worth $96.77 million, over 12 hours. Together, roughly 2,252 BTC, or about $187 million, has moved into new wallets in seven days.
Wintermute runs an over-the-counter desk, where funds, corporations and wealthy individuals buy large blocks without pushing exchange order books. Coins leaving such a desk for fresh wallets usually signal a completed purchase heading into cold storage, according to the report, not a trader preparing to sell.
Bitcoin holds above $80,000
Bitcoin was trading near $82,750, up about 0.9% on the day. Gemini noted that the asset has closed above $80K for the 33rd day in a row.
U.S. spot bitcoin exchange-traded funds took in $527 million on Oct. 19, led by Blackrock.
Signals are not all bullish
Hours after that ETF inflow, bitcoin on Coinbase traded $115 below Binance and OKX. The report says such a discount usually points to heavier selling from U.S. spot traders.
The buyer's next move is also unclear, since fresh wallets can serve as cold storage for years or as a staging area for collateral, custody transfers or a fund launch. Until the coins move again, the only hard fact is the size of the bet.
Source: Bitcoin News
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