According to Onchain Lens, a whale address dormant for about two years has transferred roughly 1,770 Bitcoin worth about $112 million. The position was valued at about $132 million when received from Gemini, implying a loss of around $19.8 million. Of the total, 114 BTC (about $7.23 million) were sent to Kraken, likely for sale, while the remaining 1,650 BTC (about $10.491 million) moved to a new wallet.
Onchain Lens says a whale wallet, quiet for about two years, has moved roughly 1,770 Bitcoin worth around $112 million. Back when the coins came in from Gemini, the stash was valued at about $132 million, which points to a loss of roughly $19.8 million.
Out of the full amount, 114 BTC (~$7.23 million) went to Kraken, likely for a sale. The other 1,650 BTC (~$10.491 million) was transferred to a new wallet.
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