Wintermute Calls Ethereum ‘Wrong Asset for Macro’ as ETH/BTC Hits 10-Month Low
Ethereum Whale Wallet Holdings. Mid-tier wallets holding 10,000 to 100,000 ETH moved in the opposite direction, cutting holdings from 27.77 million to 27.27 million ETH over the same period. The split suggests supply is consolidating into stronger hands even as short-term sellers control the tape. In addition, analyst Darkfost highlighted that the weekly Taker Buy Sell Ratio on Binance fell to 0.91, the lowest reading since September 2023. A reading below 1 indicates sellers dominate order flow, a condition that may precede a short squeeze as positioning becomes too one-sided. “What makes this situation interesting is that it comes as ETH continues to trade within a broad range between roughly $1,500 and $4,000, while having already corrected by around 9% over the past 7 days,” the analyst said. “The more aggressively investors position themselves on the short side, the greater the risk of a short squeeze becomes.” Mega whale accumulation and a 0.91 Taker Buy Sell Ratio point to building pressure beneath the surface. The next move likely comes from whichever side gives up first, with macro data and Federal Reserve commentary in the coming weeks potentially acting as a trigger. The post Wintermute Calls Ethereum ‘Wrong Asset for Macro’ as ETH/BTC Hits 10-Month