The exchange Mt.Gox transferred 47,228 BTC (up to 2.7 billion US dollars) from the cold wallet to the wallet starting with (1L7Xb...) this morning. Bitcoin also plummeted to a low of US$56,680 at the same time.
The Bitcoin market has been falling recently, and the market blames several reasons: German government sales, Mt.Gox repayments, slowing inflows of spot ETF funds... At around 8:30 earlier, according to Arkham tracking data, Mt.Gox has transferred 47,228 BTC (up to $2.7 billion) from a cold wallet to a wallet starting with (1L7Xb...), most likely in preparation for repayment.
Perhaps affected by this, Bitcoin dropped to a low of $56,680 at the same time, very close to the previous low of $56,552 set on May 1. At the time of writing, Bitcoin rebounded to $57,298, down 4.89% in the past 24 hours.
In the past 24 hours, the entire network has liquidated $510 million
Amid the repeated market conditions of Bitcoin, according to data from Coinglass, in the past 24 hours, the total amount of cryptocurrency liquidations exceeded US$510 million (about twice that of yesterday), and more than 188,000 people were liquidated.
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Robert Kiyosaki, author of "Rich Dad Poor Dad," warned in a tweet on Thursday (July 4) that technical charts show that the biggest crash in history is coming, and Bitcoin, gold, stocks and real estate will all plummet, and a new bull market will not begin until 2025.
“Technical charts show that the biggest crash in history is coming soon. Prices of real estate, stocks, bonds, gold, silver, and Bitcoin will plummet. The good news is that a good time to buy bargains is coming soon,” Kiyosaki wrote.
He further mentioned: “According to the technical charts, a major long-term bull market cycle is about to arrive, with a bull market climb starting at the end of 2025 and prices continuing to rise for many years. This bull market cycle is the boom that gold, silver and Bitcoin investors have been waiting for.”
"Their patience will be rewarded. This is the secular bull cycle they knew had to come. They knew it had come because the U.S. is the largest debtor nation in history."
“They knew this long-cycle bull market was coming because they knew confidence in ‘fake’ money was fading.”