🟡Bitcoin (BTC) experienced minimal fluctuations after the former Japanese exchange Mt. Gox transferred an additional $2 billion worth of tokens, nearing the completion of its $9 billion asset distribution. Data analysis from Arkham Intelligence shows that addresses associated with Mt. Gox transferred 47,229 BTC within their wallets, and then 34,000 BTC to new addresses, likely to the service provider BitGo.
🟡Despite initial concerns that asset sales by creditors could put pressure on the market, Bitcoin’s price dropped by just 0.4% to $66,000, later recovering slightly to $66,500. Analysts from Glassnode noted that the modest increase in BTC sales volume after creditors received their tokens suggests that they are likely to have long-term plans. This could indicate that the completion of Mt. Gox’s asset distribution will not have a significant impact on the market, which is a positive signal for investors.