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- Institutional deposit:Algorithmic market maker Wintermute moved 61,847 $ETH (approximately $160.3 million) from its active wallet to Binance and Coinbase on September 11, 2026.
- Mass liquidations:Derivatives records showed $758.02 million in forced liquidations over 24 hours across the broader market, with Ether leading liquidations at $307.48 million.
- Price rejection:The price touched an intraday peak of $2,667 fueled by US CPI data before retracing toward the $2,540 range.
This Friday, algorithmic trading firmWintermutedeposited $160.3 million worth of $ETH into centralized platformsBinanceandCoinbase, triggering marked volatility inEthereumthat coincided with a pause in the asset’s upward momentum.
Lookonchaindetected the transfer at 16:14:47 GMT, detailing that the London-based firm moved61,847 $ETHfrom its active wallet0xf81..73AAover a three-hour span. Subsequently, onchain intelligence platformArkhamconfirmed the ownership of the addresses involved in the flow.
Wintermute is dumping $ETH!
Over the past 3 hours, #Wintermute has deposited 61,847 $ETH ($160.3M) into #Binance and #Coinbase.https://t.co/SNTl47HxlG pic.twitter.com/dpRixozxzD
— Lookonchain (@lookonchain) September 11, 2026
In the spot market, Ether’s price opened the session near $2,437. Following the release of the US Consumer Price Index (CPI) for August 2026—which came in below consensus estimates—the asset climbed more than 5% to tap an intraday high of $2,667.
Market data from CoinGecko later placed the quote at $2,539.51 at 20:12 UTC, maintaining a 3.2% gain over 24 hours and a market capitalization of $310.004 billion.
Transferring tokens to centralized exchanges is typically associated with inventory rotation, private OTC settlements, or derivatives hedging. According to market analysts, this spot inventory transfer could increase available sell pressure across deep order books, though it does not necessarily represent an immediate spot sale.
Impact on derivatives and liquidation heatmaps
The price action triggered substantial disruption across the perpetual futures market. Data from monitoring platformCoinGlassreported that 103,515 traders were liquidated across the global market over the last 24 hours, totaling $758.02 million in forced closures.
Within that figure, short positions accounted for $411.79 million, while long positions totaled $346.22 million.
The session’s largest single liquidation occurred on the decentralized perpetual platformHyperliquid, involving an$ETH-USDposition valued at $20.28 million.
Across a four-hour window coinciding with Wintermute’s transfers, liquidation dynamics reversed.CoinGlassdata indicates that 92% of forced closures affected long positions, totaling $126.99 million during that specific timeframe compared to just $10.23 million in shorts.
The technical setup highlights two distinct high-density liquidity zones. Based on CoinGlass distribution metrics, a drop below $2,417 would expose roughly$1.123 billionin long positions to forced liquidation, whereas a breakout above $2,669 would trigger an estimated$844 millionin short liquidations.
Traders are now turning their attention to the upcoming Asian market open and the subsequentFederal Open Market Committee (FOMC)meeting scheduled for September 16, 2026, which will set the Federal Reserve’s benchmark interest rates.
Source: cryptonews.net