Description:

Behind the chaos of Hyperliquid’s liquidation wave, Wintermute quietly starts buying COW token. This story reveals how institutional traders use pain as an entry signal.

We’ll talk about:

• Why Ethereum’s rebound after mass liquidations often marks cycle bottoms
• Wintermute’s hidden accumulation of COW token and what it signals for DeFi
• The rise of intent-based trading models like Cow Protocol and Uniswap V4
• A bold prediction on how ETH stability could trigger the next DeFi rotation

Keywords: Wintermute, COW token, Cow Protocol, Ethereum, DeFi rotation, Uniswap V4, Hyperliquid, on-chain data, market makers, intent-based DEX