This is how Wintermute manipulated the price of $ETH in this morning's rerk...
Three hours ago, Wintermute withdrew $97.61M from #AAVE and dep directly to Binance and Coinbase.
1 hour later, the wallet withdrew 30K $ETH ~ $79.67M from Binance and 7.5K $ETH ~ $18.3M from Coinbase. This matched $77M sent to Binance and $20M to Coinbase – suggesting that all $USDC were used to buy dip in the $ETH's rerk.
The special thing about this wallet is that it does not use leverage. The entire amount of $USDC on loans on #AAVE has been withdrawn this morning.
The wallet has shown signs of accumulating $ETH from 3 days ago. All of $ETH holdings have been staked long-term on Lido.
This behaviour shows that Wintermute has very well timed the volatility of $ETH, actively hoarded stablecoins and is ready for the rerk. Non-leveraged, combined with long-term staking, shows that Wintermute has great faith in the medium- to long-term bullish cycle of $ETH.
Link my wallet in the 52Hz Database
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