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VisitWill Mt. Gox move another 10,000 BTC before 2025?
Yes • 50%
No • 50%
Blockchain monitoring services and Mt. Gox's public announcements
Mt. Gox Moves $9.6 Billion in Bitcoin, Causing 2% Dip Amid Repayment Plan
May 28, 2024, 06:00 AM
Mt. Gox, the defunct cryptocurrency exchange, has moved a significant portion of its Bitcoin holdings for the first time in over five years. Approximately $9.6 billion worth of Bitcoin, totaling 141,686 BTC, has been transferred to new addresses, including a transfer of 12.24K BTC worth $843.59 million. This move is part of the exchange's plan to repay creditors, with the repayment deadline set for October 31, 2024. Additionally, Mt. Gox has also moved 142,846.22 BCH to new addresses, totaling approximately $67.9 million. The transfers have caused a notable impact on the market, with Bitcoin prices dipping by 2% following the news.
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Increase • 50%
Decrease • 50%
Exchange wallets • 33%
Private wallets • 33%
Mix of both • 34%
Further disbursements of BTC • 25%
Investment in other cryptocurrencies • 25%
Conversion to fiat currencies • 25%
Holding the remaining assets • 25%
Private wallets • 33%
Exchange platforms • 33%
Investment funds • 33%
All distributed • 33%
Partially distributed • 33%
None distributed • 34%
Highly volatile market • 25%
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Decrease in market cap • 25%
Increase in market cap • 25%
Drop more than 5% • 25%
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Drop 2-5% • 25%