Wintermute loaded a net $30.55M onto exchanges over the last 24 hours

That is $151.32M in deposits against $120.77M in withdrawals across 260 total transactions. The net flow of negative $30.5M tells a straight story: Wintermute is staging inventory on venue. When a desk with this much daily throughput shifts from flat or net-withdrawing to net-depositing, they are not passively rebalancing.