A long-inactive whale has shifted 1,770 Bitcoin valued at about $112 million after roughly two years of dormancy, according to Onchain Lens. The tracked position was worth about $132 million when it was received from Gemini, implying a loss of around $19.8 million at current values. Of the total, 114 Bitcoin worth about $7.23 million was transferred to Kraken, a move that may indicate selling, while 1,650 Bitcoin worth about $104.91 million was sent to a new wallet. Large transfers from dormant holders are closely watched because deposits to exchanges can precede liquidation, while wallet reshuffling can also reflect custody changes rather than immediate sales.