"Japanese cryptocurrency exchange Mt. Gox has transferred 47,229 Bitcoin (equivalent to 2.71 billion USD) to a new wallet. This is the first large transaction since May. 📈

MT. Gox is expected to begin repaying creditors this month with a total Bitcoin value of up to $8.5 billion.

There are concerns about the large amount of Bitcoin that could flow into the market after creditors of Mt. Gox sells their coins. However, other analysts believe that the amount of Bitcoin that could be "dumped" into the market is only about 4.5 billion USD.

Bitcoin price is currently down 6.9% compared to last week but has increased 35.6% compared to the beginning of the year. The story is continuing to develop. Let's discuss this issue!#Bitcoin#MtGox"