A previously dormant wallet beginning with bc1pz transferred another 800 BTC worth about $50.72 million to Wintermute, bringing cumulative transfers to 2,500 BTC valued at roughly $154 million since June 25, according to newer monitoring cited by Lookonchain. Earlier reporting said the wallet was funded by Paxos, though the ultimate owner remains unconfirmed. Because Wintermute acts as both a market maker and OTC desk, the flows may represent selling, inventory movement, liquidity provision, collateral transfers or trade settlement rather than definitive spot-market liquidation.