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Mt. Gox Stirs Market with 500 Bitcoin Transfer to Unknown Wallets—What’s Next for BTC?

  • Mt. Gox, the former largest cryptocurrency exchange, transferred 500 Bitcoin worth $34 million to two unknown wallets.
  • The recipients of the funds remain unidentified, leading to speculation that they could be related to repayments to Mt. Gox creditors.
  • Following the transfer, Bitcoin's price initially surged to $71,500 but later corrected, trading at $69,450 at the time of writing.
  • Despite the price dip, Bitcoin's market fundamentals remain strong, with significant buying pressure observed from Binance futures whales.

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