Mt.Gox has just transferred another 42.5k #BTC ($2.85 billion). This leaves them 42k Bitcoin to distribute. All eyes on the exchanges now, who will distribute the coins to their rightful owners accordingly. #ETH_ETFs_Trading_Today
The completion of these transfers and their news value create a minor selling pressure, but this pressure only comes from the futures market.
Moreover, looking at the CVD details, it is observed that large investors have not made any sales yet and are even continuing to buy from $54,000 onwards. #Bitcoin_Coneference_2024
Despite the Mt. Gox transfers and various spreading negative news, neither ETF investors nor whales have shown any retreat. Both sides continue to make regular purchases. I think #Bitcoin will rise above $66,900 in the coming hours.
