According to Cointelegraph, Charles Edwards, founder of digital asset hedge fund Capriole Investments, pointed out in a tweet on July 2 that there has been a large-scale on-chain transfer of unused bitcoins in the past 7 to 10 years, with the amount being 10 times the previous high, suggesting that Mt. Gox may have begun distributing these bitcoins.

Bitcoin prices fell below the psychological $60,000 mark on July 3, falling 4.2% in 24 hours to a low of $59,600. According to CoinMarketCap data, Bitcoin fell 1.8% this week and has fallen nearly 18% since June. The decline may be related to Mt. Gox starting to return $9 billion worth of Bitcoin.