"Mt. Gox Moves 70 Million USD in BTC! Is There More to This Market Crash Warning?"
On December 20, according to Arkm data monitoring, at 9:07 AM Beijing time, Mt. Gox suddenly transferred 719.568 $BTC to two brand new wallet addresses, worth approximately 69.87 million USD! This large transfer has attracted significant market attention, especially since Mt. Gox's past frequent large operations have often been viewed as a barometer of market volatility.
The purpose of this transfer is still unclear—whether it is for liquidation, selling off, or some other arrangement? Regardless, such a magnitude of transfer, once it flows into exchanges, could potentially become a "bearish weapon" for the market at any time. Investors need to be highly vigilant, especially in the current sensitive price range of Bitcoin, as this kind of news could trigger short-term volatility or even a deep correction.
A storm may be lurking behind the transfer; stay close to the hunters, see through the fog, and seize the opportunity!
