đ Bitcoin Buzz: Mt. Gox Moves Millions! đ
Bitcoin enthusiasts, hold onto your hats! Since the start of the month, BTC flows into crypto exchanges have been skyrocketing, thanks to the Mt. Gox rehabilitation trustee distributing funds. On July 25, BTC net flows hit a whopping $2.8 billion, a yearly high!
Kraken and Bitstamp have been major recipients, with Kraken receiving $3.1 billion worth of BTC. Bitstamp started its distributions on July 25, with payouts expected to take up to a week. Meanwhile, large amounts of BTC are being moved to unknown addresses, likely for further distributions.
Interestingly, Mt. Gox users are choosing to HODL their newly received BTC. Data shows a significant rise in BTC withdrawals to cold wallets, signaling a strong intent to hold. Despite these massive inflows, trading volumes remain stable, indicating a cautious market sentiment.
Stay tuned, Bitcoiners! đ
