🔥 #Wintermute ran out of $ETH. This is what you need to understand ( and why it is bullish )

👉What is Wintermute and why does it have so much weight in the #cryptocurrency industry?

-Wintermute, one of the leading market makers in the crypto world, has just announced that its OTC desk (Over-the-Counter) has virtually no ETH available.
-It is one of the largest algorithmic trading and liquidity provision firms in the #crypto ecosystem.
Participate in exchanges, DeFi protocols, and above all, trade large volumes for institutions and whales.

👉What is an OTC table?

-They are "private platforms" for buying and selling large amounts of assets without moving the price in the spot market.
-They are mainly used by funds, companies, or large investors to avoid slippage.

👉Why does it matter that there is little $ETH there?

-If there is no ETH on Wintermute's OTC desk, the whales are not selling, they are accumulating.
-And if they want to keep buying, they will have to look for another OTC source or buy directly on exchanges/on-chain, thus drastically affecting the price.
-This implies a direct supply shortage, just when institutional demand is rising.
-As the OTC market does not immediately impact the spot price, these silent purchases anticipate a strong price movement when liquidity runs out.

📊 The data confirms it:
-Wintermute had 27,000 ETH on July 10 → now it only has 8,155 ETH (approx $25M)
-To understand how little this is, I mention that #BlackRock recently made its largest daily purchase of ETH valued at approximately $500M.

📍Reduced offer in OTC markets = less selling pressure and more impact on the price from purchases