Half an hour ago, Mt.gox transferred 12,000 BTC, and just transferred out another 30,000 BTC. Mt.gox once reappeared with Satoshi Nakamoto and was called a double kill of bad news. Now Mt.gox has frequent abnormal movements, and the compensation that has been waited for ten years seems to be really coming. If you hear about Mt.gox for the first time, Laolang will help you sort out the entire process of Mt.gox's compensation.
In 2012, Mt.gox's transaction volume accounted for 80% of the world's total, surpassing the current BN, OK and Coinbase. However, it was this platform that suffered a theft of 850,000 BTC by hackers, and in 2014, Mt.gox declared bankruptcy.
In 2017, Mt.gox recovered 200,000 BTC, and the price of BTC at that time was 618 times that of 2011.
In June 2018, Japan approved compensation for Mt.gox's creditors. That year, forked coins became popular, and BCH and BSV emerged one after another. The compensation also included forked coins, so the creditors made twice as much money without doing anything.
In 2020, Japan postponed the payment of Mt.gox, which suddenly made the creditors span the bull market in 2021. At this time, BTC soared 15 times again.
Finally, in 2023, Japan gave a compensation deadline of November 2024, with 140,000 BTC to be paid plus 140,000 BCH from the fork. Who would have thought that the unlucky guy who was run away would become the luckiest person ten years later.
The first thing these people should do when getting the coins is to lock them in, so many people keep a close eye on changes in the Mt.gox address. Once Mt.gox starts to compensate, it means that the market will face unprecedented selling pressure.
But Laolang feels that the current market has sufficient liquidity after the ETF, which is completely different from ten years ago, so we can pay close attention to unusual movements, but there is no need to panic too much.
BTC：
BTC: It fell below the 5-day line with large volume. Yesterday, Laolang talked about the need for BTC to stand firm on the support line before it can further move higher. The hourly line further tested the bottom support. The $67,342 below is the key point of the M head formed on May 24. Once it falls below $67,342 with large volume, it will accelerate the bottoming out and weaken. Next, BTC will fall back to test $67,342.
Resistance: 69146, 70425, 71853
Support levels: 67342, 66455, 65234
ETH：
5,300 ETH were transferred to Coinbase, which had a negative impact on ETH's selling pressure. ETH made a double bottom and the hourly line peak was lowered, facing resistance. The $3,805 below is the key support point. Only by standing firmly at $3,805 can it support the market and move higher. Next, as the bullish volume weakens, ETH needs to further test the bottom support of $3,805.
Resistance: 3893, 3966, 4162
Support levels: 3805, 3736, 3654
