This round of downward trend is mainly due to the repayment of "Mt.Gox" and the shipment of BTC by the US and German governments.

After multiple Mt.Gox wallets participated in the small transfer test yesterday, this morning Mt.Gox (address starting with 1 HeHLv) transferred more than 47,228.7 BTC to a new address (starting with 1L7Xbx), worth about 2.71 billion US dollars. Subsequently, the address transferred more than 47,200 BTC to 2 addresses, including:

- Transferred 44,500 BTC (US$2.55 billion) to the address 16 ArP 3...VqdF;

- Transferred 2,700 BTC (US$154.8 million) to its internal address 1 JbezD...APs 6.

According to the monitoring of on-chain analyst @ai_ 9684 xtpa, Mt.Gox transferred 1544 BTC to the new address 1 PKGG...szwzV (worth $84.87 million) two hours ago, which is suspected to belong to the exchange Bitbank. This move indicates that Mt.Gox is shipping, and Bitcoin also fell in response, falling to 53269 USDT. Mt.Gox's multiple token transfers in the past two days have intensified the market's panic about its sell-off, which has become the main factor causing today's market decline.

In addition, on-chain data shows that in recent days, the German government has recently transferred more than $195 million worth of Bitcoin to various crypto exchanges, including Coinbase, Kraken and Bitstamp, which has exacerbated market volatility. In addition, according to Arkham monitoring, the US government wallet address (starting with 349c6) transferred 237 BTC to the address starting with bc1qvc yesterday afternoon, equivalent to $13.67 million. The changes in the currency holding addresses of the US and German governments have also exacerbated the market's concerns about the future market.

In addition, Bitcoin ETF spot has also seen net outflows in recent trading days. 9 Bitcoin ETFs have reduced their holdings by a total of 609 Bitcoins, worth about US$35 million. According to CryptoQuant data, about US$2.4 billion worth of Bitcoin with a holding period of 3-6 months was transferred during this decline. Analyst Cauê Oliveira pointed out that this represents the selling pressure of some entities that bought at the beginning of the year, or speculators targeting Bitcoin ETFs and halving expectations are being cleaned up.

Under the combined effect of multiple factors, the crypto market fell further.

#德国政府转移比特币 #Mt.Gox将启动偿还计划