🔽 🟠 Two reasons why $BTC Bitcoin slumps 2.5%, below $68k amid!
1️⃣Mt. Gox, the digital assets exchange that infamously went bankrupt in 2014 following a significant hacking incident, has begun processing payouts to its long-waiting creditors.
2️⃣All funds from the Mt. Gox cold wallet have been transferred to a new wallet: 1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6
The current balance of the wallet is 141K BTC, this is an amount of around $ 9 billion! 🫢
👇If creditors start selling all this, the market will slump painfully again 📉
How do you think the market will react if Mt. Gox creditors decide to sell their BTC holdings? Share your thoughts below!
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