According to @lookonchain, a whale moved 3,500 BTC worth $408.63M to a new wallet about 10 hours ago after roughly three years of dormancy, source: @lookonchain on X, Aug 23, 2025. According to @lookonchain, the same entity withdrew 3,500 BTC from Gemini three years ago at $29,620 per BTC for a total of $103.67M, source: @lookonchain on X, Aug 23, 2025. According to @lookonchain, the position now reflects an unrealized profit of about $305M, equivalent to a 294% gain from the reported cost basis, source: @lookonchain on X, Aug 23, 2025. Based on @lookonchain’s reported valuation, the transfer implies an approximate current BTC price near $116,750 per coin, derived from $408.63M divided by 3,500 BTC, source: @lookonchain on X, Aug 23, 2025.