Paxos-Linked Whale Routes 800 BTC Through Wintermute as Two-Month Outflows Hit $154M

A Paxos-linked whale address sold 800 Bitcoin, valued at $50.72 million, routing the block through Wintermute's OTC desk approximately six hours ago.

The transfer extends a two-month pattern of outflows from the same address. The whale has sold a cumulative 2,500 BTC totaling $154 million over that period.

On-chain data traces the latest 800 BTC to Paxos as the originating address. Wintermute is a recurring channel for the address: on-chain records show a 500 BTC deposit to Coinbase Prime in March and a separate 500 BTC movement through a Wintermute address in May.

The sustained use of OTC rails rather than exchange order books points to an intent to avoid direct price impact on spot markets. Bitcoin was trading at $63,479 at the time of the transfer.

The identity behind the Paxos-linked address remains unconfirmed. On-chain attribution at this scale is typically pseudonymous.

In a separate transaction, a whale identified as 37BnFf sold 800 BTC after a seven-month hold, booking a $35.3 million loss—a distinct outcome from the Paxos-linked address's activity.

A Paxos-linked whale address sold 800 Bitcoin, valued at $50.72 million, routing the block through Wintermute's OTC desk approximately six hours ago.

The transfer extends a two-month pattern of outflows from the same address. The whale has sold a cumulative 2,500 BTC totaling $154 million over that period.

The sustained use of OTC rails rather than exchange order books points to an intent to avoid direct price impact on spot markets. Bitcoin was trading at $63,479 at the time of the transfer.

The identity behind the Paxos-linked address remains unconfirmed. On-chain attribution at this scale is typically pseudonymous.

In a separate transaction, a whale identified as 37BnFf sold 800 BTC after a seven-month hold, booking a $35.3 million loss—a distinct outcome from the Paxos-linked address's activity.