MT. moving Gox 900 million dollars in Bitcoin, which raises concerns with a decrease in the encryption market
The encryption market continued to decrease this week, as the maximum market decreased to $ 2.44 trillion on Tuesday, the lowest level since early November. This price drop led to more than $ 937 million in liquidation within 24 hours. Meanwhile, fears have grown with the transmission of MT. Gox Exchange, the victor, 11,833 BTC, worth $ 932 million.
MT Gox moves large bitcoins
Recent Mount Jucks Move A large amount of bitcoin, which total 11,834 BTC (at a value of about $ 910 million). This conversion includes 11,502 BTC (about $ 885 million) to a new portfolio and 332 BTC ($ 25.5 million) for a “warm” portfolio, which is usually used in transactions or active money management.
Bitcoin’s transfer, which is $ 900 million on Monday, came from the Mount Jooks “1MO1N”, which received $ 1.07 billion from Bitcoin from another stock exchange last week. However, when the money was transferred last week, Arkham Intelligence did not recognize the title “1MO1N” as the Gox Mountain Wallet.
MT. movement is monitored Gox’s Bitcoin closely because it is part of the continuous process of paying creditors who have lost money in the famous bankruptcy and bankruptcy of the stock exchange. Just five days ago, Mount Jacks 166.5 BTC sent to Bitgo, a digital asset guard, probably as part of the payment of creditors. The last 332 BTC transfer is also expected to be transferred soon, and perhaps as part of more payment.
The broader effects on the market
Bitcoin’s MT. Gox is important for the broader encryption market because it may overwhelm the market with large quantities of bitcoin if the creditors decide to sell. This has raised concerns about the possible market fluctuations. Jooks’s creditors were waiting for years to receive their money, and the paid bitcoin may be sold or detention, depending on their decisions.
While some creditors were paid through Kaken and BitStamp, the deadline for payment was extended to October 31, 2025. The banknail is still valued at $ 2.8 billion in Bitcoin in its governor.
