Kraken users received emails stating that Mt. Gox will be distributed within 7-14 days.

- Arkham Intelligence recorded the transfer of 48,641 BTC ($3.1 billion) from the Mt. Gox on Kraken.

- Mt. Gox moves funds from cold wallets to hot wallets, holding 138.985 BTC ($8.93 billion).

Analysts debate the implications:

- Matthew Hyland predicts BTC will fall to $38,000.

- Stockmoney Lizards sees a lower limit of $50,000.

- Jacob King warns of massive sales of up to 99% of creditors.

Institutional liquidity can mitigate volatility.