Air raid warning》Mt.Gox has transferred out $2.25 billion worth of BTC again, can BTC hold $66,000?

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According to Arkham's real-time data , the Mt.Gox address transferred approximately 33,964 BTC to an unknown address (bc1q2..) at about 7:30 this morning, with a value of nearly 2.25 billion U.S. dollars. There is a high probability that compensation will be paid, but it is not yet available. Not sure which exchange to remit to?

Since compensation began in early July, Mt. Gox has transferred approximately 95,500 BTC. Currently, there are approximately 46,000 BTC left in the wallet, or 30%, and its impact on the price of Bitcoin is gradually weakening.

Bitcoin once fell below $65,000

In terms of price, Bitcoin dropped to a low of $65,300 at 4 o'clock this morning, but soon returned to above $66,000, and was quoted at $66,342 at the time of writing. Even after the news came out that Mt. Gox transferred $2.25 billion in Bitcoin, the price did not fluctuate greatly.

Not sure if it’s because these BTC have not yet been transferred to creditors, or because the market has slowly adapted to the impact of Mt. Gox’s selling pressure and is continuing to chase the bottom? However, the dynamic zone reminds us that the latest interest rate decision will be announced at the Federal Reserve's FOMC meeting tomorrow morning, so please be careful of possible fluctuations.

Top 10 Token Performance

As for Ethereum, it fell below US$3,300 again this morning. At the time of writing, it was trading at US$3,278, down 1.55% in the past 24 hours.

The other top ten tokens have experienced mixed gains and losses. The largest increase is XRP, which has increased by 6.61% in the past 24 hours; the largest decrease has been DOGE, which has decreased by 3.49% in the past 24 hours.

The entire network liquidated $115 million in the past 24 hours

According to data from Coinglass, in the past 24 hours, the entire cryptocurrency network has liquidated approximately US$115 million, with more than 44,000 people liquidated (long positions accounted for nearly US$93 million).

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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