According to CoinMeta, as reported by OnchainLens, a whale investor, after about two years of inactivity, transferred approximately 1,770 BTC, worth around $112.14 million, resulting in a loss of about $19.8 million. This position was valued at around $131.91 million when it was received from Gemini. The specific transfer details are as follows: 114 BTC (worth about $7.23 million) were transferred to Kraken, and it is possible that 1,650 BTC (worth about $104.91 million) will be sold and transferred to a new wallet.