<Wintermute is continuing to sell off large amounts of $ETH>

According to data provided by Arkham, the well-known market maker Wintermute seems to be selling a large amount of ETH.

The picture below only captures part of the records for reference:

Usually if the project party wants to accumulate tokens, it will transfer the tokens from the exchange to the wallet on the chain, and if it wants to sell the tokens, it will transfer the tokens to the centralized exchange.

(Because the liquidity of centralized exchanges is usually better)

In addition, the address 0x13D5CfC9758060C2977406c3532200D095f91F9F, which seems to belong to Wintermute, also unlocked a large amount of stETH from Lido on 8/28, exchanged it for ETH, and deposited part of the $ETH into the centralized exchange (about 15M).

There are currently about 35.6M ETH in this address.

It can be found that he deposited it into various exchanges, and the Ethereum Foundation also sold $ETH a few days ago, so I guess Wintermute is likely to reduce its holdings of $ETH .

Now is a good time to go short