ETH Price Nears $2,800 as FTX Estate Sends $75M in Ether to Wintermute

Crypto Insight Summary: FTX’s bankruptcy estate moved 27,372 ETH worth about $75.32 million to market maker Wintermute on Tuesday, routed through six separate wallets. Decoding the Movements Arriving in a big bunch, the FTX and Alameda Research liquidation team transferred 27,372 ETH, worth roughly $75.32 million, to Wintermute across six wallets, according to onchain analyst EmberCN. Other trackers […] Crypto Insight Analysis: Direction: Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large ETH transfer to market maker may increase selling pressure.