Air Raid Alert Mt.Gox transfers out another $2.25 billion in Bitcoin. Can BTC hold $66,000?
At about 7:30 this morning, the Mt.Gox address transferred about 33,964 BTC to a mysterious address (bc1q2..), worth nearly $2.25 billion. This is most likely a compensation operation by Mt.Gox, but it is not clear which exchange these BTCs eventually flowed to.
Since the beginning of the compensation in early July, Mt.Gox has released about 95,500 BTC, and there are currently about 46,000 left in the wallet, accounting for 30%. As the compensation proceeds, the impact on the price of Bitcoin is gradually weakening.
In terms of Bitcoin prices, it once fell below the $65,000 mark this morning, but soon rebounded back above $66,000 and is currently stable at around $66,342. Interestingly, even after the news of Mt.Gox transferring such a large amount of BTC came out, the price of Bitcoin did not fluctuate significantly.
The reason behind this may be that, on the one hand, these BTC have not yet fallen directly into the hands of creditors, and the market reaction is relatively cautious; on the other hand, the market may have gradually adapted to the selling pressure of Mt.Gox and is in a continuous bottom-seeking stage. But it is worth noting that the Federal Reserve will announce the interest rate decision of the FOMC meeting tomorrow morning, and investors need to be alert to possible market fluctuations.
Looking at the performance of other mainstream tokens, Ethereum also fell below $3,300 again this morning, and is currently quoted at $3,278, down 1.55% in 24 hours. Among the top ten tokens, XRP performed best, up 6.61% in 24 hours; DOGE fell the most, down 3.49%.
In the past 24 hours, the total amount of cryptocurrency liquidation in the entire network reached $115 million, and more than 44,000 people were liquidated, of which longs accounted for nearly $93 million in losses.
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