$127.9M
Winklevoss Capital: Gemini Custody
3DwVjwVeJa9Z5Pu15WHNfKcDxY5tFUGfdx
->
Gemini: Hot Wallet
bc1quq29mutxkgxmjfdr7ayj3zd9ad0ld5mrhh89l2
Capital shifting between wallets, neutral flow change. $127.9M BTC moved from Winklevoss Capital: Gemini Custody to Gemini: Hot Wallet on Bitcoin. Monitor follow-up routing to distinguish internal treasury rotation, market-maker rebalancing, bridge settlement, and true directional position change. Low priority whale flow: treat as context unless similar transfers repeat.