New crypto wallets withdraw 771 million dollars in Bitcoin from Wintermute

Data from blockchain tracker Lookonchain shows that 40 newly created wallets withdrew 9,458 Bitcoin, worth approximately 771.5 million dollars, from addresses linked to algorithmic trading firm Wintermute since October 1, 2026. The Market Periodical and KuCoin both reported that the transfers moved funds into newly established addresses during a period of market pressure. [1][4][5]

The transactions average out to approximately 81,571 dollars per Bitcoin. The Market Periodical reported that the transfers attracted widespread market attention as Bitcoin faced selling pressure near the 80,000 dollar level. However, tracking records do not establish whether the recipient wallet owners purchased the coins or simply reorganized internal holdings. [1]

The underlying ownership of the 40 individual wallets and the specific reasons behind each withdrawal remain unknown. Cryptocurrencies use distributed ledger technology to secure transactions, which allows public tracking of movement between wallet addresses without exposing the real-world identities of the owners. [1][6]

Claims regarding potential buying activity have spread across the market following the large movements. As reported by Crypto News, speculation remains unverified because on-chain data only confirms the transfer of assets away from Wintermute-linked infrastructure. [1][5]