Crypto Investment Funds Turn Profits in December Despite Broad Market Weakness
Despite general crypto market weakness in December, select institutional funds like Wintermute and Dragonfly Capital secured significant realized profits.Summary
New data from Nansen reveals that while the broader crypto market struggled in December, several major institutional funds managed to generate millions in realized gains. Wintermute was the most profitable, recording about $3.17 million, followed by Dragonfly Capital with nearly $2 million across various wallets. Other top performers included IOSG and Longling Capital, indicating that profits were concentrated among highly active, repeat institutional traders who successfully capitalized on short-term dislocations and liquidity opportunities using sophisticated infrastructure.
However, these profitable funds are now exhibiting aggressive selling behavior rather than accumulation. Wintermute has been reducing exposure after building positions, and Dragonfly Capital deposited $6.95 million worth of Mantle (MNT) tokens to Bybit. This on-chain activity suggests a dual institutional strategy: exploiting volatility for gains and then quickly de-risking or rebalancing portfolios as market conditions shift. This disciplined approach contrasts sharply with the struggles faced by most retail participants during the volatile year-end period.
(Source：BeInCrypto)