A significant crypto whale has altered its investment strategy by closing a Bitcoin long position, resulting in a $3.7 million loss. The whale, identified by the address "0xfb7," subsequently withdrew all funds and deposited $31.7 million in USDC into Wintermute. This capital was used to purchase 10,000 Ethereum, which were then converted into stETH (staked Ethereum) and transferred to another wallet. The receiving wallet now holds 40,060 stETH, valued at approximately $126.48 million.