Mt. The Gox exchange turned out to have a harsh amount of crypto money market, while transferring a large amount of BTC. According to the data of the analytical platform Lookonchain, the bankruptcy of the stock market has carried 11,834 BTC to different wallets. These transfers attracted the attention of investors because the market took place at a delicate period.
Mt. Gox’s latest transfers
Mt. Most of the Bitcoin transfer by Gox was completed with the transfer of 11.502 BTC to a new wallet. The remaining Bitcoins were sent to a hot wallet.
This movement is not the first major process of the stock market in March. On March 6, Mt. Gox transferred BTC to a wallet worth $ 1.07 billion and then made a $ 15 million transfer. These transactions continue to make investors in the market uneasy.
Moved while the market falls
Mt. These moves of Gox coincided with the period in which Bitcoin fell to $ 76,000 and Ethereum fell below $ 1,800. Ethereum has seen its lowest level since October 2023 and caused panic atmosphere in the markets.
Bankruptcy, the stock market, after collapsing in 2014 in 2023 began to pay the creditors. However, these payments, which are thought to create sales pressure, have not caused a major collapse. However, every major transfer of the stock market is carefully followed by investors.
Final Payment Date and Effects on the Market
Mt. The deadline for Gox’s creditors to pay for their creditors was previously planned until the end of 2024, and postponed to October 31, 2025. Although this delay has reduced the possibility of sales pressure in the markets in the short term, every major transfer of the stock market arouses a great impact on the crypto community.
An x user, “Mt. Gox always manages to make the market uneasy “he expressed the concerns of investors. The continuation of transfers keeps the possibility of a large wave of sales in the market on the agenda.
Mt. GOX’s importance in the crypto market
Mt. Gox ruled 70 %of Bitcoin transactions during his operation. His collapse in 2014 had created a major crisis in the crypto market. Today, every movement of the stock market is carefully monitored by investors and the effects on the market are eagerly awaited.
Mt. Can these big transfers make a new sales pressure in the Bitcoin market? The answer to this question will depend on new moves from the stock market in the coming days.
