Mt. Gox moved 11,834 bitcoin US$ 930 million
The movement of 11,834 BTC (approximately $930 million) by Mt. Gox is a sign that the process of returning funds to creditors is continuing to progress. This raises fears in the market, as many investors might sell their BTC once they receive them, adding selling pressure at a time when the market is already in correction.
📌 Why is this important?
Mt. Gox was a Bitcoin exchange that collapsed in 2014 after a massive hack, leaving hundreds of thousands of BTC trapped.
For years, creditors have awaited the return of their funds, and now, with the first movements, concerns about a massive sell-off are growing.
There are still $2.9 billion in BTC to be distributed before October 2025, which means the impact could extend for months.
