Wintermute Transfers $160M ETH Amid Massive Market Liquidations

Key Facts

1Wintermute moved 61,847 ETH worth approximately $160.3 million to Binance and Coinbase exchanges.

2Derivatives markets saw $758.02 million in liquidations over 24 hours, with Ether leading at $307.48 million.

Amid heightened volatility in digital assets, institutional market maker Wintermute transferred 61,847 ETH, valued at approximately $160.3 million, to Binance and Coinbase exchanges. These significant transfers occurred as Ethereum faced technical resistance and increased selling pressure. According to reports, these moves coincided with a massive liquidation event in the derivatives market, where total forced liquidations reached $758.02 million within a 24-hour period.

Ether led the liquidation rankings with $307.48 million in wiped positions, highlighting the stress on trader portfolios. Regarding sector-related equities per market data, Coinbase (COIN) shares closed at $175.26 on September 11, 2026, fluctuating between a daily low of $172.8 and a high of $182.08. Such institutional transfers by Wintermute often signal potential selling pressure or strategic repositioning during periods of market instability.

Traders should monitor liquidity stability on major exchanges following these large deposits. With COIN priced at $175.26 (close September 11, 2026), the stock remains sensitive to crypto flows and trading volumes. As the upcoming economic calendar shows no immediate crypto-specific catalysts, market focus remains on technical flows and institutional market-maker activity.