According to the Arkham Intelligence report, Mt. Gox transferred 33,105 BTC to a wallet address starting with "bc1q26". This transaction is worth more than 2 billion US dollars, but the owner of this address has not yet been identified. This transaction is an asset transfer step. , this huge sum of money has not yet been distributed to creditors. Currently, there are still 46,160 BTC in Mt. Gox-related wallet addresses, worth approximately US$5.3 billion.
After the previous wave of Kraken successfully distributed US$3 billion in assets, more than 17,000 creditors have received payments. Last week, Bitstamp also announced to creditors that it will begin distributing assets and will allocate corresponding BTC and BCH to those affected that year. Users, Bitcoin was affected by the news of this transfer, and the price was revised down to $64,000. This is also an emotional sell-off in the market, rather than a large-scale sell-off by Mt. Gox users.
Because according to Glassnode’s findings, the characteristics of these creditors are biased toward long-term investors. Even if they get Bitcoin, they are unlikely to sell it in the short term. This may ease the selling pressure in the next few weeks. Due to the current year’s Bitcoin Users are all old players. They prefer to continue to hold Bitcoin and look forward to higher market prices. Even if they sell, they will only be partial and scattered sales. We will tend to interpret this wave of downward revisions as normal market fluctuations.
〈MICA Daily｜Mt. Gox wallet outflows US$2 billion, Bitcoin drops to US$64,000〉This article was first published in "Blocker".
