Major Whale Accumulates $110M in ETH and BTC via OTC: Key Trading Insights

A major crypto whale recently made a large over-the-counter (OTC) purchase of 30,000 ETH worth approximately $54 million and 600 BTC valued at around $56.7 million through the liquidity provider Wintermute. Such sizable OTC transactions often indicate strong bullish sentiment among institutional investors, as these deals typically reduce market impact and suggest accumulation ahead of potential price increases. Traders should keep an eye on on-chain flows and liquidity changes in both Ethereum and Bitcoin, since activities of this magnitude have historically foreshadowed notable volatility and upward movements in spot markets.

On April 28, 2025, a significant market event took place when this whale acquired the mentioned assets via OTC, totaling over $110 million. This transaction attracted attention from traders and analysts monitoring large market shifts. OTC deals of this size usually signal strategic positioning by big players or wealthy individuals who prefer to avoid market slippage associated with public exchanges. The timing is notable, as it coincided with a period of increased volatility, with Bitcoin trading near $94,500 and Ethereum around $1,800 at that time. This move may indicate confidence in an upcoming bullish trend or insider knowledge of upcoming market catalysts. The involvement of Wintermute, a prominent liquidity provider, suggests that the transaction was executed with minimal market disruption, which is crucial for such large trades.

This whale activity could influence short-term prices and investor confidence in cryptocurrencies like Bitcoin and Ethereum. Following the purchase, Bitcoin's price increased slightly by 1.2%, from $94,500 to about $95,640, and Ethereum rose by 1.5%, from $1,800 to approximately $1,827 on major exchanges. Although these movements cannot be directly attributed to the OTC deal, the timing hints at a positive market sentiment. On-chain data supports this, with Ethereum's transaction volume jumping by 8% within hours of the purchase, reaching 1.2 million ETH moved across wallets. Similarly, Bitcoin's OTC trading volume increased by 5%, with over $1.3 billion traded off-exchange. Large OTC trades like this often precede significant price movements, as whales position themselves ahead of major news or events, making such transactions key signals for traders.

From a technical perspective, indicators such as the Relative Strength Index (RSI) for Bitcoin and Ethereum suggest a neutral to bullish momentum, with potential to push prices higher if buying pressure continues. Volume surges on exchanges further confirm increased activity, and on-chain metrics like profit/loss indicators and active addresses reflect growing confidence among holders. Although no direct link to artificial intelligence trading is observed, AI algorithms often react swiftly to whale movements, amplifying volume in related trading pairs. Historically, large OTC transactions have been early signs of bullish trends, as they reflect informed accumulation, although short-term volatility may follow. This event highlights the importance of on-chain data in developing effective trading strategies for major cryptocurrencies.