A post by @whale_alert on X.

A wallet of unknown ownership moved 1,208 BTC, valued at roughly $97.28 million, to market maker Wintermute in a single transaction flagged by Whale Alert. The transfer stands out for its size, placing it among the larger single-day flows into a major liquidity provider. Wintermute’s role means the coins could be routed toward trading desks, hedging activity or over-the-counter settlement rather than simply held. Traders will watch whether the deposit precedes increased spot or derivatives volume, and whether subsequent outflows from Wintermute signal distribution into the market.