Just minutes ago, the Mt. Gox wallet moved 12,024 Bitcoins after 6 years of dormancy. Mt. Gox, the platform where 137,000 Bitcoins were stolen, had its case concluded with a ruling to return the assets to their owners, though it remains unclear whether this would be done through direct market sales or otherwise. The movement of such a significant amount of Bitcoin after all this time, especially now, (could) have a direct impact on the price.
It amuses me how market prices can fluctuate so dramatically with every piece of news that tickles the market. This news, which I consider insufficient to cause a price drop, should not be overestimated. There are several ways to sell large quantities of Bitcoin to new or major investors through OTC (over-the-counter) or other methods. People assume it will inevitably be sold on the open market through well-known platforms, which is quite a peculiar analysis.
Always remember the negative news, especially when we're at a critical juncture. It is essential to anticipate that the overall trend is still upward.#bitcoin☀️
