Wintermute large transfer of 10,000 ETH to an anonymous address, recent frequent transactions have attracted market attention.

According to the latest news, crypto market maker Wintermute transferred 9,999.99 ETH to an anonymous address at 10:18 today, valued at approximately $31.77 million. This transfer has once again sparked market attention on this top-tier market maker’s recent frequent large-scale operations.

Basic Transfer Information

Based on Arkham on-chain data monitoring, the details of this transfer are as follows:

• Transfer amount: 9999.99 ETH
• Transfer value: approximately $31.77 million (based on current ETH price of $3172.67)
• Transfer time: January 8, 2026, 10:18
• Source address: Wintermute wallet
• Destination address: anonymous address starting with 0xFB78…

Recent Intensive Operations by Wintermute

This ETH transfer is not an isolated event. According to related information, Wintermute has significantly increased the frequency of large operations in recent days:

Recent Major Operation Timeline

• During New Year’s period: deposited 2,654 BTC into Binance (worth about $107 million)
• On New Year’s Eve: net deposit of 1,213 BTC into Binance in a single day
• Recently: frequently involved in Bitcoin options market operations
• Today: transferred about 10,000 ETH to an anonymous address

Possible Reasons for the Transfer

The specific reason for transferring to the anonymous address has not been publicly disclosed. However, based on the characteristics of market makers, it may involve various scenarios:

• Funds reallocation within proprietary trading departments
• Transfer or settlement of client funds
• Asset allocation adjustments for hedging risks
• Cross-chain or cross-exchange liquidity management

Market Context and Sentiment

This transfer occurs at an interesting market moment. According to related information, the current market shows a subtle contradiction:

Bullish Sentiment

Options traders are actively bullish on Bitcoin. Data from Deribit shows that the open interest in Bitcoin call options expiring on January 30 with a strike price of $100,000 is the most concentrated, with the market generally expecting Bitcoin to break $100,000 before the end of the month. Wintermute OTC head Jake Ostrovskis also stated that market sentiment has shifted from extreme pessimism to stabilization.

Cautionary Sentiment

At the same time, the community remains highly alert to large-scale operations by major players like Wintermute. Analysis suggests these actions may involve liquidity hunting—using large buy or sell orders during periods of low market liquidity to push prices up or down, triggering FOMO or stop-losses among retail investors, thereby profiting.

ETH Market Status

It is worth noting that ETH has shown weakness over the past 24 hours:

• Current price: $3172.67
• 24-hour change: -2.28%
• 7-day increase: +6.46%
• Market cap rank: #2
• Market share: 12.24%
• Circulating supply: approximately 120 million

The short-term decline in ETH contrasts with the bullish sentiment in the BTC options market and may also relate to large holders’ fund reallocation.

Summary

Wintermute transferring 10,000 ETH to an anonymous address reflects frequent capital reallocation by market makers in the current market. Coupled with its recent intensive operations in the BTC market, this top-tier market maker is evidently actively adjusting positions and risk exposure. Although the specific reasons are unclear, this serves as a reminder for market participants to stay vigilant: every large transfer by major players could signal changes in market liquidity patterns. In the context of high bullish sentiment, understanding the true intentions of large holders is more important than blindly following the trend.