Odaily Planet Daily News CryptoQuant researcher Axler Adler Jr posted on the X platform that all funds in the Mt.Gox cold wallet have been transferred to a new wallet starting with 1JbezD. The current balance of the 1JbezD wallet is 141,000 BTC. Alex Thorn, head of research at Galaxy Digital, believes that most of the Bitcoin will be held instead of sold immediately. "I personally expect most of the Bitcoin to be held, but I can't say the same for BCH (Bitcoin Cash)." Thorn believes this is a consolidation before the transfer to the custodian: "All funds have been transferred to the 1Jbez...APs6 address. This may be a consolidation before the transfer to the creditor custodian (BitGo, Kraken, Bitstamp)." The trustee responsible for overseeing the Bitcoin repayment process for the defunct exchange has extended the repayment deadline to October 2024. This move is crucial for creditors who have been waiting for compensation for nearly a decade. The news of the large-scale transfer of Bitcoin has had an impact on the market, and the price of Bitcoin once fell to about $67,485 today. (Cryptoslate)