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Just spotted something interesting on chain. Around 151 BTC (roughly $11.6M at current prices) moved from a major exchange to an intermediary address earlier today, then immediately forwarded to Wintermute. This kind of move usually signals some serious market activity - could be positioning for a trade or liquidity management. Wintermute's been pretty active lately, so worth keeping an eye on where this flows next. The intermediary address is a common pattern when large players want to add a layer between their exchange and final destination.