The market has entered an unpredictable period. In the morning, it was obviously a big positive for the launch of Ethereum spot ETF, but it did not rise but plummeted. Now Mt. Gox is desperately transferring coins, sending out nearly $3.6 billion of Bitcoin in one day, and it is still sending, but the strange thing is that it has not fallen, but has risen! So, should I open a short position or a long position? Both long and short positions may explode! This is really the most difficult bull market! Everyone wants to live to see the crazy bull, but everyone may be game over at any time!
Mt.Gox has transferred $3.558 billion of Bitcoin to the exchange that executes the compensation distribution
According to the monitoring of the on-chain analyst Ember, as of now, Mt.Gox has transferred 56,452.9 BTC (US$3.558 billion) to the exchange that executes the compensation distribution.
There are 5 exchanges that execute the Mt.Gox BTC compensation distribution, namely: Bitbank, SBI VC Trade, Kraken, Bitstamp, and BitGo. The specific process is that the Mt.Gox address will transfer the BTC that needs to be distributed to the corresponding exchange, and then the exchange will execute the distribution.
Since July 5, the specific data of Mt.Gox BTC transferred to the compensation exchange:
7/5, 1,544.6 BTC transferred to Bitbank;
7/5, 1,157 BTC transferred to SBI VC Trade;
7/16, 48,641.2 BTC transferred to Kraken;
7/22, 5,110.1 BTC transferred to Bitstamp.
Mt.Gox has a total of 141,685 BTC for compensation, and currently there are 85,000 waiting for subsequent transfer and distribution.
