A whale bought back 30,000 ETH that it had previously sold through Wintermute OTC, making a profit of $3.24 million

according to on-chain analyst Ember (@EmberCN), an institutional investor recently completed a series of ETH arbitrage trades through Wintermute OTC.

The institution sold 30,000 ETH at a price of $2,621 on May 22, earning $23.73 million.

They then bought back the same amount of ETH today at a price of $2,513, paying $75.39 million USDC, resulting in a profit of $3.24 million in this round of trading.