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what you probably mean is limited and yes you are limited and several functions on steam are not available for you and to remove these limitations you need to spend $5 on the steam store, not somewhere else.
everything explained here:
https://support.steampowered.com/kb_article.php?ref=3330-IAGK-7663
Your account isn't limited.
If you mean a trading or market restriction, that's separate.
The Steam Support article *claims* Steam Wallet purchases count as one of those "30 days" purchase:
But i have found in practice, at least with two of my friends, that them adding Steam Wallet funds (while unlimiting them, so they could add friends), it did *not* allow them to use Trading or the Community Market until they actually spent some of their Steam Wallet funds in the Steam Store. http://store.steampowered.com/
So as you say it seems to be separate, even though the Support article seems to suggest that Limited Accounts (and making your account unlimited) with Wallet Funds works "together" with counting as something that will lift the Trade/Community Market restriction too.
2. a valid purchase made on steam, this can not be wallet codes and cards (direct wallet purchase works though) -> to have a valid purchase for the 30-365days market access rule.