An hour ago, there was an abnormal movement of 44,000 BTC in Mentougou, worth nearly 3 billion US dollars. Affected by this news, Bitcoin fell 3.05%

At present, only 1,545 tokens of Mentougou have been transferred to the exchange, and the rest are still in Mentougou's account. It can be considered that the actual selling pressure has not yet entered the market. When the BTC held by Mentougou is distributed to several exchange addresses on a large scale, it may cause a large panic drop, thus forming a plunge.

Mentougou bankruptcy case
MtGox was founded in July 2010. It is a Japanese exchange, the earliest and largest exchange in the cryptocurrency circle, and its trading volume once accounted for more than 80%. In 2013, 850,000 bitcoins were stolen from Mentougou, and the exchange went bankrupt. Subsequently, about 200,000 tokens were recovered. Since 2014, investors and the court-appointed trustee have launched a lengthy compensation lawsuit for these 200,000 coins. About 60,000 BTC were used to pay various fees, and about 140,000 BTC remained.