🚀 Exciting news for Bitcoin enthusiasts! 🚀

Starting in early July, Mt. Gox began repaying creditors affected by the 2014 hack. While Kraken has completed the distribution of Bitcoin and Bitcoin Cash, BTC prices have remained stable. This stability might be due to creditors holding onto their tokens rather than selling.

CryptoQuant's latest analysis shows a significant increase in BTC withdrawals from Kraken, suggesting a strong "hodling" sentiment. Over 5,000 BTC, worth around $329 million, have been moved to cold wallets in the past 24 hours.

This trend indicates confidence and long-term investment strategies among Bitcoin holders, a positive signal for the market! 🌟