The Mt. Gox compensation incident is coming to an end, which means that a large selling pressure has been released on the market, and the price of BTC has not plummeted, indicating that the value support of BTC is still very strong. It is entirely possible that the market will break through 7.4w in the second half of the year.

A wallet that may belong to BitGo received about $2 billion worth of Mt. Gox Bitcoin. The wallet has now transferred most of the funds to a separate wallet. This move may indicate that the repayment of Mt. Gox creditors is finally coming to an end. For most of July, Mt. Gox has been transferring billions of dollars worth of Bitcoin to designated cryptocurrency exchanges, including Bitbank, Kraken, Bitstamp and SBI VC Trade, which are responsible for allocating the relevant BTC to Mt. Gox creditors.