Mt. Gox has just transferred 10,306 bitcoin:native (~$731 million).


Since mid-2024, Mt. Gox has repeatedly made transactions transferring tens of thousands of bitcoin:native to repay creditors.
Previous large coin transfers often created short-term FUD (fear, uncertainty, and doubt) but did not lead to immediate sell-off pressure in the market.
Most of Mt. Gox's creditors have waited over 10 years to receive their #Bitcoin back; this is seen as a reallocation of wallets and preparation for asset distribution.
- Many recipients of bitcoin:native do not have the incentive to sell at any cost as the market feared.
History shows that most bitcoin: native transfers from Mt. Gox generate more fear than actual selling pressure.
The market usually reacts to the headline first, then assesses the true impact of the coin flow.
BTC-6.55%
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