Yesterday, the market was in a panic due to a news about the Mt.Gox Bitcoin incident. The latest data shows that as of June 24, 2024, the number of BTC held by Mt.Gox trustees is about 141,686, accounting for 0.72% of the circulating supply of Bitcoin, with a market value of up to $9.26 billion. Since May 30, the BTC outflow from these addresses has been negligible, only 0.00001638 BTC.

The Mt.Gox trustee announced that the BTC and BCH repayment work originally scheduled for October will be brought forward to early July. This decision was interpreted by the market as a potential destabilizing factor. Eric Balchunas, senior ETF analyst at Bloomberg, pointed out that the release of this fund may offset more than half of the Bitcoin ETF inflows in the market.

As soon as the news came out, the price of Bitcoin fell, and it fell directly to 58378 in the early morning, setting a new low in months. Market participants reacted differently to the news, but it was generally believed that the development of the Mt.Gox incident would be a key factor affecting the price of Bitcoin.

Faced with market uncertainty, investors and traders should remain vigilant and pay close attention to the subsequent development of the Mt.Gox incident. At the same time, analyze market news rationally and avoid making impulsive decisions due to panic. #Mt.Gox将启动偿还计划 #BTC☀ #美国PCE数据将公布