🚀🚀 Bitcoin enthusiasts, don't fret! The recent movement of 138,000 BTC (approx. $9.4 billion) by the defunct crypto exchange Mt. Gox is not a cause for alarm, according to market intelligence platform CryptoQuant. 🚀🚀

💡 The transfers, which occurred within five hours, sparked concerns among the crypto community about potential market impact. However, CryptoQuant assures that these transactions will not cause immediate selling pressure on BTC.

🔍 The BTC was moved via seven transactions to a single address before being distributed to three different addresses. Despite speculations, these transfers do not mark the beginning of repayments to Mt. Gox creditors.

👨‍⚖️ The new addresses that received the bitcoins belong to Mt. Gox's Rehabilitation Trustee, the attorney managing the creditors' repayment process. An announcement on May 28 confirmed that the exchange has not begun making repayments to creditors nor sold any BTC in that regard.

🔮 CryptoQuant suggests that these types of transfers could be a prelude to the Trustee initiating repayments to creditors under the Rehabilitation Plan. However, the timeline for repayments to start is still unclear.

📈 In conclusion, the transactions are not expected to cause immediate sell pressure for BTC as the assets in question are not yet available to the open market. So, keep calm and HODL on! 🚀🚀