A whale dormant for over a year deposited 625 BTC to FalconX, with an unrealized loss exceeding $20 million.

According to monitoring by on-chain analysis platform Lookonchain (@lookonchain), the whale at address bc1qyr deposited 625 BTC (approximately $39.96 million) into institutional trading platform FalconX after remaining dormant for over a year, suspected of preparing to sell. During the whale's holding period, the BTC price declined, with unrealized losses exceeding $20 million.