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Analysis: Bybit may have purchased 106,498 ETH through market makers

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2025-02-23 08:12:12
According to on-chain analyst Ember monitoring, it may be that the address of Bybit or its related party received another 34,743 ETH (97.75 million USD) from Wintermute 20 minutes ago. It is likely that they have accumulated 106,498 ETH (294.93 million USD) in the last day or so: via Galaxy Digital, FalconX, Wintermute.
This address first received 100 million USDT from Bybit's cold wallet and transferred to FalconX and Galaxy Digital.
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