A whale held 500 bitcoins for four months before transferring them to Gate, incurring a loss of $6.85 million.

According to Onchain Lens, a whale deposited 500 Bitcoins into the exchange Gate after holding them for four months; their current value is approximately $52.8 million. This whale had previously withdrawn the BTC for $59.4 million and now faces a loss of $6.85 million.