$53.7M
Gemini Custody
-> Gemini: Hot Wallet
Capital shifting between wallets, neutral flow change. $53.7M BTC moved from Gemini Custody to Gemini: Hot Wallet on Bitcoin. Monitor the follow-up routing to distinguish internal treasury rotation, market-maker rebalancing, bridge settlement, and exchange wallet management from a true directional position change, because similar routes can look bullish or bearish without full context. Low priority whale transactions capital flow: treat as context unless similar transfers repeat.