A large Bitcoin holder, known as a whale, has moved 1.77K BTC (~$112.14M) from a dormant wallet that was inactive for two years.
The whale booked a $19.8M loss on this move compared to the original Gemini acquisition value of $131.91M.
Roughly 114 BTC (~$7.23M) were sent to Kraken, likely for sale, while 1.65K BTC was transferred to a new wallet.
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