Bitcoin (BTC) Whales Withdraw $770 Million Through Wintermute Since October 1, Lookonchain Data Shows
Key Takeaways
- •Data from blockchain analytics platform Lookonchain shows that 40 newly created wallets have withdrawn more than $770 million worth of Bitcoin since October 1.
- •The withdrawn funds were moved through Wintermute, a London-based digital asset market maker and algorithmic trading firm that regularly facilitates large block transactions.
- •The accumulation took place during one of the weakest stretches for Bitcoin's price this quarter, indicating sustained large-scale activity by major holders.
- •Analysts single out large inflows into freshly generated addresses because new wallets carry no prior transaction history linking them to earlier activity.
- •Because all Bitcoin transactions are permanently recorded on a public ledger, the onward movement of these 40 wallets can be independently examined by anyone in real time.
Bitcoin (BTC) whales have continued to accumulate through one of the weakest stretches for the Bitcoin price this quarter, and the on-chain record from October shows where those coins have gone.
According to data from the blockchain analytics platform Lookonchain, 40 newly created wallets have withdrawn more than $770 million worth of Bitcoin since October 1, with the funds moved through Wintermute, a prominent cryptocurrency trading and market-making firm.
The entities behind the data
Wintermute is a London-based digital asset market maker and algorithmic trading firm that provides liquidity across major centralized and decentralized venues and regularly facilitates large block transactions. Because market makers continuously quote both sides of the order book, firms of this type routinely act as counterparties for block-sized trades, which places them at the center of many of the largest transactions in the crypto market.
Lookonchain is an on-chain analytics platform that monitors whale wallets and publishes real-time tracking of large cryptocurrency transfers. Its tracking relies on public blockchain records, meaning the wallets it flags, in this case the 40 newly created addresses, can be independently examined by anyone.
Transfers of this scale into freshly generated wallets are among the movements on-chain analysts track when assessing the behavior of major Bitcoin holders. Newly created addresses carry no prior transaction history linking them to earlier activity, which is why large inflows into fresh wallets are a pattern analysts single out when mapping how major holders position their funds.
The October figures reported by Lookonchain indicate sustained large-scale accumulation activity by whales during a period of subdued price performance for Bitcoin this quarter. Because every Bitcoin transaction is permanently recorded on a public ledger, the onward movement of these 40 wallets remains observable in real time, giving readers a verifiable on-chain trail to follow as the quarter progresses.
This article was first published on COINOTAG on October 23, 2026: https://en.coinotag.com/bitcoin-btc-whales-wintermute-770-million-withdrawals-october
