🌋 Mt. Gox moves $9 billion in BTC: The market prepares for the impact! 💥

In a surprising move, the Mt. Gox cold wallet has transferred over 140,000 BTC. This event has generated great concern in the cryptocurrency market. 🚀

📅July 16:

In just three hours, Mt. Gox mobilized more than 140,000 BTC, distributed between a known cold wallet and two unknown addresses. 🌐

44,527 BTC were sent to a known Mt. Gox cold wallet. 96,000 BTC (valued at over $6 billion) According to data from Arkham Intelligence, Mt. Gox still holds 138,985 BTC valued at about $8.7 billion, and has begun moving the funds detained for the first time in two weeks. 📊

💸 Mass movement:

The combined transaction volume amounted to almost 190,000 BTC, equivalent to more than $12 billion moved in just three hours. 💹

Unknown address "BHDct9b" received 42,587 BTC, valued at $2.69 billion, 4,641.24 BTC (valued at $293.94 million) was transferred to "Mt. Gox: Cold Wallet (1Jbez)".

📉 Impact on the market

The BTC price, which reached almost $65,000 at the beginning of July 16, fell to lows of $63,000. This 3% drop in BTC also led to drops of over 5% in altcoins like Uniswap. 📉

🔔 Repercussions of the refund

Mt. Gox had announced on July 5 that it would begin repaying its BTC and BCH debts to creditors through designated crypto exchanges. The advertisement mentioned Mt. Gox Co. Ltd. and the rehabilitation administrator, Nobuaki Kobayashi. The repayment statement indicated that the remaining rehabilitation creditors would receive the funds "promptly" upon satisfaction of preconditions. 💼

⚠️ Conclusion

The crypto community is closely watching every move of Mt. Gox, as these events can have a significant impact on the market. Stay informed and prepared for any changes. 🌍🔍

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