It seems like some forces are actively working against the bull market. With the German government stepping back and the US government re-engaging in selling, today was particularly disheartening. Just when we anticipated the Ethereum ETF launch, Mt. Gox made headlines by transferring a substantial amount of Bitcoin. This seems to be a strategic move to exploit the ETF news, drawing in more investors before hitting them with another blow.

Today, Mt. Gox has moved 2,871 BTC to a new address, adding to a total of 3.188 billion USD worth of BTC transferred. According to on-chain analyst, Mt. Gox first moved 37,477 BTC to the address 15yPU...8rvwe, and then an additional 2,871 BTC to a different address just 8 minutes ago, amounting to 191 million USD.

In total, 47,697.68 BTC have been shifted out today alone, reaching a staggering value of 3.188 billion USD. This significant activity raises concerns about the manipulation of market sentiment, especially with the timing coinciding with major ETF developments.

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