According to @OnchainLens, a newly created wallet withdrew 320 BTC (about $36.45M) from Gemini, with the receiving address 35oaDaRSie1sJjvE7C5ojcNUPDKwmXrZfq, source: @OnchainLens on X, Sep 11, 2025. This transaction reduces Gemini’s on-exchange BTC balance by 320 BTC, an outflow that traders track as part of exchange supply dynamics, source: @OnchainLens on X, Sep 11, 2025. Historically, persistent net exchange outflows have aligned with accumulation phases and stronger BTC price performance, so traders often look for follow-through across multiple venues before taking directional risk, source: Glassnode research (Exchange Net Position Change, The Week On-Chain).