Bitcoin whales move $771.5M from Wintermute as buying claims spread

Bitcoin whale accumulation claims have gained traction after Lookonchain reported that 40 newly created wallets withdrew 9,458 BTC, valued at $771.5 million, from Wintermute since Oct. 1. Summary Lookonchain reported 40 new wallets withdrew 9,458 BTC from Wintermute since Oct. 1. The $771.5 million valuation implies $81,571 per BTC, without confirming actual purchase prices. Lucky cited a separate 32,380 BTC daily inflow, described as the largest since April. Crypto Rover promoted Bitcoin’s support band as a buying signal without specifying an invalidation level. Lookonchain described the movements as whale accumulation, while the reported figures document transfers to new addresses without identifying the recipients or establishing their purchase prices. In an Oct. 24 post, market commentator Ash Crypto put the month’s accumulation at $780 million. His accompanying screenshot showed transfers from wallets labeled Wintermute, including several transactions worth more than $20 million each. “Smart money is buying fear,” Ash Crypto wrote. The transaction list included transfers of 306.314 BTC, 307.77 BTC and 364.286 BTC, alongside smaller movements. The screenshot did not contain a complete monthly reconciliation or records showing when the recipients purchased the coins. You might also like: Ethereum whales sell as outflows hit four-month high of 169,770 ETH Bitcoin withdrawals put $780 million buying claims in focus At Lookonchain’s reported valuation, the 9,458 BTC holdings were worth approximately $81,571 per coin. Dividing $771.5 million by the reported Bitcoin total produces that figure, which represents an implied valuation rather than a confirmed average purchase price. Ash Crypto’s $780 million estimate sits $8.5 million above the tracker’s valuation, a difference of roughly 1.1%. His post did not explain the difference or specify whether the estimate used a later Bitcoin price. Lookonchain’s count refers to newly created wallets, leaving the number of investors behind the addresses unresolved. The reported withdrawals do not establish whether the recipients represent separate buyers or multiple wallets controlled by the same entity. The tracker’s statement covers movements since Oct. 1, rather than a single purchase near $81,000. No execution records accompanying the posts establish that the full amount changed hands at that price. Earlier wallet analysis has documented similar limits. September coverage of Bitcoin’s whale accumulation noted that institutions can control several addresses and custodians can consolidate or separate holdings. That coverage distinguished changes in wallet balances from proof of ultimate ownership, while noting that withdrawals can involve custody transfers, collateral or over-the-counter transactions. A separate 32,380 BTC inflow draws caution Another Oct. 24 post pointed to a larger movement over a shorter period. Market commentator Lucky cited 32,380 BTC, worth around $2.6 billion, entering the market in one day and described it as the largest inflow since April.