đ #CryptoUpdate: Mt. Gox refunds BTC via Kraken, expected distribution in the next 7-14 days!
đ Arkham Intelligence discovered 48,641 BTC (~$3.1B) transferred from Mt. Gox to Kraken related wallet.
đ Mt. Gox currently holds 138,985 BTC (~$8.93B), transferred from cold wallet to hot wallet.
đŹ Community debates impact on the market:
- Matthew Hyland: BTC could drop to $38K.
- Stockmoney Lizards: Forecast price floor of $50K.
- ZackXBT: Short-term impact, only investors with little confidence will sell.
- Jacob King: 99% of creditors can sell BTC, profit up to 8,500%.
đŠ Institutional cash flow can reduce volatility:
- Cash flow into BTC last week reached $1.35B, the highest ever.
- Market psychology from "extreme fear" to "greed".
đŹ What do you think? Comment now! đŹ#Bitcoin#Blockchain #CryptoNews