The Bitcoin price has suffered a significant crash, falling from above the psychological $70,000 this week. Crypto pundit Nobler cited why the leading crypto was crashing, while analyst Chiefy revealed what to expect next from BTC. Why The Bitcoin Price Is Crashing In an X post, Nobler revealed that the USDT issuer Tether was liquidating some of its BTC holdings, which was contributing to the Bitcoin price crash. He noted that this was the first time they had sold directly from their BTC reserve wallet. The pundit added that things were not looking good for crypto. Related Reading: Bitcoin Moves Into Accumulation Zone That Will Send It On Next All-Time High Run To $250,000 On-chain data showed that Tether moved 204 BTC from its wallet to the Bitfinex exchange, sparking concerns of a sell-off. Tether is among a host of entities believed to have dumped BTC recently, sparking the Bitcoin price crash. The defunct crypto exchange Mt. Gox also transferred 10,422 BTC, worth almost $740 million. Furthermore, Bitcoin ETFs are contributing to the massive sell-off in BTC, with these funds on a 12-day streak of net outflows. They recorded a net outflow of $519 million yesterday, according to SoSoValue data. During these 12 days, these funds also recorded a net outflow of $733 million on May 27. Meanwhile, it is worth noting that the Bitcoin price crash began earlier this week, as Michael Saylor’s Strategy revealed in its SEC filing that it had sold 32 BTC. This was the first time that the Bitcoin treasury firm had sold BTC since 2022. This has raised concerns about what this could mean and how much more BTC the company could sell moving forward. The Bitcoin price has also crashed due to macro factors such as the U.S.-Iran war, with a peace deal looking unlikely anytime soon. BTC is also battling for liquidity amid upcoming IPOs, such as Elon Musk’s SpaceX, which is expected to go public this year. What Is Next For BTC In an X post, crypto analyst Chiefy, who had predicted the Bitcoin price crash to $67,000, revealed what is next for BTC. He stated that a relief bounce would come next, giving market participants false hope before an even bigger leg down. The analyst added that structurally, this is one of the weakest setups that BTC has seen in this bear cycle. The analyst’s accompanying chart showed that the Bitcoin price could still crash to as low as $60,000, reaching its February low. Crypto analyst Tony echoed a similar sentiment, predicting that BTC could still drop to $60,000, although he expects a short-term relief bounce. Related Reading: Bitcoin Trend That Has Held For 15 Years Shows When To Expect The Bottom And When $400,000 Will Happen At the time of writing, the Bitcoin price is trading at around $66,700, down over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
This significant transfer may impact Bitcoin market dynamics, influencing investor sentiment and potentially affecting cryptocurrency prices.
The post Mt. Gox transfers $731M in Bitcoin to new wallet as market eyes $70K support appeared first on Crypto Briefing.
Jed McCaleb, the founder of Ripple and Stellar (XLM), has announced plans to redirect a whopping $1 billion from his XRP fortune into a new investment outside the cryptocurrency space. The crypto founder and Silicon Valley billionaire is now turning his focus toward Artificial General Intelligence (AGI), aiming to build an AI system based on the human brain. Ripple Founder To Invest $1 Billion Into AI Research In an interview with Forbes, McCaleb disclosed plans to allocate approximately $1 billion from his estimated $3.9 billion in XRP holdings to fund efforts focused on AGI. The move comes after he previously dropped $1 billion to build a private space station in 2025. Related Reading: XRP Expert Says The Moment Has Finally Come, Here’s What He Means The new investment is expected to come through the Astera Institute, a non-profit research organization based in California that McCaleb founded. Recently, the institute has increased its focus on neuroscience-inspired approaches to AI development. As a result, in addition to the $1 billion allocation for the core AGI project, McCaleb stated that he will pledge another $600 million specifically toward neuroscience research. The Ripple founder shared his ambitious goal of studying the human brain as a model for building more capable, potentially safer artificial intelligence systems. He noted that researchers at the Astera Institute intend to use brain-computer interfaces to record neural activity patterns in mice as they perform everyday tasks, such as navigating mazes. They would then record and use these biological data and insights to design completely new AI systems that go beyond today’s popular transformer models. In the interview, McCaleb expressed skepticism about current mainstream AI methods. He pointed out that while transformers, a type of AI model, are good at making predictions, they struggle with long-term planning, decision-making, and self-driven goals. He believes using a brain-inspired framework could create an AI system that is easier for humans to understand and control. Interestingly, McCaleb described his time in cryptocurrency as “a big detour” from his deeper interest in AI. He explained that he had always wanted to work in artificial intelligence but only found the opportunity after stepping back from the cryptocurrency industry. He expressed strong belief in his ambitions, declaring that “AI is going to be the most transformative thing that humans ever create.” Although he remains a pivotal figure in Ripple’s history, McCaleb left the company and sold all his XRP by 2022. A Quick Dive Into McCaleb’s Role In Ripple and XRP McCaleb initially entered the crypto industry as a programmer with previous experience running the now-defunct Mt. Gox, one of the earliest major Bitcoin exchanges. In 2011, he began developing the Ripple protocol and later recruited key figures like former Ripple CTO David Schwartz. Related Reading: XRP Global Distribution Shows The Major Holders And What It’s Being Used For In 2022, McCaleb co-founded OpenCoin, which later became Ripple Labs, now Ripple. He founded the company alongside Chris Larsen and served as CTO while contributing to the development of the XRP Ledger (XRPL). Following XRPL’s launch, McCaleb and other early co-founders each received personal stakes worth approximately 9 billion XRP, around 9% of the total supply. This allocation contributed significantly to his personal wealth today. Featured image from Freepik, chart from Tradingview.com
The latest on-chain move comes as BTC's spot price continues to slide.
Mt. Gox has extended the creditor repayment deadline by a year.
A long-dormant Bitcoin stash moved into an exchange this week, renewing worries about old coins re-entering the market and the effect that could have on prices. Related Reading: XRP Traders Face Fresh Selling Pressure As Large Holders Move Out Mt. Gox Origins And Staggering Returns According to blockchain tracker Lookonchain, a cluster of addresses tied to coins pulled from Mt. Gox more than 13 years ago sent 300 BTC to Binance in a single transaction. Those coins were reportedly bought at about $11 each, meaning the original outlay was roughly $8,151. The transfer is now worth about $33.47 million, a mark-up of roughly 410,624%. Reports have disclosed that about 590 BTC still remain in the same group of addresses. The market crash just woke up a sleeping Bitcoin OG, who deposited 300 #BTC($33.47M) to #Binance 2 hours ago. He originally withdrew 749 $BTC($8,151 at the time) from #MtGox 13 years ago, when $BTC was just $11. He moved 159 $BTC to a new wallet a year ago but didn’t sell —… pic.twitter.com/tSxgO0Mw5E — Lookonchain (@lookonchain) October 12, 2025 Wallet Activity And What Changed Last year, the same owner moved 159 BTC into a new wallet and then left it untouched. This recent move is different because the coins arrived in an exchange hot wallet, where they can be sold quickly. Traders and market watchers noted the difference: one action kept coins on the chain, the other put them within reach of an order book. Whether the owner chooses to sell some or all of the 300 BTC is not known, but the presence of those funds on Binance makes rapid selling possible. Market Moves And Flows Bitcoin’s price recovered to about $115,000 on Monday, after dipping to $102,000 on Friday. That drop triggered billions in liquidations and left traders on edge. Based on figures, ETFs recorded $2.7 billion in inflows over the last week, and institutional demand showed resilience despite the volatility. Still, the market’s calm is fragile; a large sell order from an old holder could change short-term supply dynamics quickly. The move was flagged by on-chain analysts and then amplified across social platforms. Exchange inflows from wallets tied to early-era miners or Mt. Gox addresses tend to draw attention because they signal supply that was previously dormant coming back into circulation. In this case, the numbers are large enough to get traders’ attention. Possible Scenarios And Risks If some of the 300 BTC is sold, price pressure may increase, particularly during thin trading windows. Alternatively, the transfer could be part of estate consolidation or a decision to move funds to cold storage, in which case selling may not follow. Related Reading: A 5% Bitcoin Drop In October? History Shows That’s Rare Market participants will watch wallet behavior closely: rapid withdrawals to multiple exchange addresses, for example, would likely be interpreted as a selling sign. Featured image from Gemini, chart from TradingView
On-chain analytics platform Arkham Intelligence recently uncovered the biggest crypto hack ever. The hack involved stolen Bitcoin worth $3.5 billion at the time, now worth $14 billion, which is larger than the $1.5 billion Bybit hack this year. Arkham Intelligence Unveils $14 Billion Hack on Chinese Mining Pool LuBian In an X post, Arkham revealed that it had uncovered a $3.5 billion Bitcoin heist, the largest ever. This hack was on LuBian, which was a Chinese mining pool with facilities in China and Iran. The analytics platform stated that 127,426 BTC appears to have been stolen from LuBian in December 2020. These coins, which were worth $3.5 billion at the time, are now valued at $14.5 billion based on the current Bitcoin price. Related Reading: From Riches To Chains: Crypto King Arrested For Torturing Bitcoin Investor In Horror Scheme Furthermore, the platform noted that neither LuBian nor the hacker has publicly acknowledged the hack since it took place in 2020. At the time, the Chinese firm was one of the world’s largest mining pools, controlling almost 6% of the Bitcoin network’s total hash rate as of May 2020. Arkham revealed that the mining pool appears to have been first hacked on December 28, 2020, for over 90% of its BTC. The hacker subsequently stole around $6 million worth of BTC and USDT on December 29 from a LuBian address that was active on the Bitcoin Omni layer. On December 31, LuBian then rotated its remaining funds to recovery wallets. This hack trumps the Bybit hack of $1.5 billion, which occurred on February 21 earlier this year. Unlike the LuBian hack, which involved Bitcoin, hackers stole over 400,000 ETH from Bybit’s cold wallets through social engineering. As a result, the hackers were able to authorize these transfers despite the wallets being multisig. Attempts To Recover The Stolen Bitcoin Arkham also revealed that LuBian had made attempts to recover the stolen Bitcoin by contacting the hacker. The Chinese mining pool had sent OP_RETURN messages, in which it asked the hacker to return their funds. The analytics platform stated that the firm spent 1.4 BTC across 1516 different transactions to send these messages. Related Reading: Coinbase’s $400 Million Breach: What Really Happened And How Did Customers Get Exposed? Arkham claimed that the messages suggest that this was not a spoof from another hacker who had brute-forced the private keys. This appears to have been how LuBian was hacked in the first place, as the mining pool is said to have been using an algorithm to generate private keys that were susceptible to brute-force attacks. Arkham revealed that LuBian still holds 11,886 BTC, currently worth around $1.35 billion. Meanwhile, the hacker still holds the stolen Bitcoin, which they are known to have last consolidated in another wallet in July 2024. Thanks to Bitcoin’s surge over the years, the LuBian hacker is now the 13th largest BTC holder based on Arkham data, ahead of the Mt. Gox hacker. Featured image from Unsplash, chart from Tradingview.com
The goal is to gain exposure to bitcoin at a discount, with the aim of beating BTC's price performance in the long run.
Strive Asset Management Firm has partnered with 117 Castell Advisory Group to acquire distressed Bitcoin claims, including those linked to the long-defunct Mt. Gox exchange. According to a May 20 filing with the US Securities and Exchange Commission (SEC), the firms will target claims that have received definitive legal rulings but are still awaiting distribution. […]
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The original, hand-written sign became the symbol of bitcoin's first financial crisis.
Mt Gox, the failed Tokyo-based crypto exchange, is back in the news after on-chain data confirmed that it has moved 11,501.4 Bitcoins worth over $1 billion to its two crypto wallets. Arkham Intelligence shared this latest information, which revealed that the once-popular crypto exchange moved over 11,000 Bitcoins on March 25th. The analytics company stated that the exchange transferred 899 Bitcoin to a cold crypto wallet (1Jbez) and another 10,608 Bitcoins to another account (1DcoA). Related Reading: Shiba Inu ETF Proposal—Could This Be SHIB’s Breakout Moment? Interestingly, the bankrupt exchange also sent 12,000 Bitcoins worth $1 billion last March 6th and 11,833 Bitcoins on March 11th. Arkham Intelligence confirms that the exchange still controls 35,000 Bitcoins worth more than $3 billion in different wallets. ????BREAKING: MT. GOX MOVES 11,501 $BTC WORTH $1 BILLION. 893 $BTC ($78.11M) TO THE HOT WALLET 10,608 $BTC ($927.48M) TO A CHANGE WALLET SHOULD WE BE WORRIED? pic.twitter.com/RUAcQFYwqa — Crypto Rover (@rovercrc) March 25, 2025 Mt. Gox Moves Another $1 Billion Worth Of Bitcoins Mt. Gox is having a busy March after on-chain data suggest that the company has moved billions of Bitcoins. According to Arkham Intelligence, the crypto exchange has transferred over 11,000 Bitcoins in its third crypto transaction this March. After noting the transaction, the analytic firm instantly shared the news through its Twitter/X account. In a post, the firm confirmed the transfer of 893 Bitcoins worth around $78 million to a Mt. Gox wallet. Then, the company transferred 10,608 Bitcoins valued at $929 million to another wallet. Source: Arkham Intelligence Spot On Chain Reveals Mt. Gox Previously Transferred Assets To Bitstamp Spon On Chain also shared that one of Mt. Gox’s recent transfers targeted Bitstamp. The analytics firm noted that the 833.4 Bitcoins added to its Bitstamp account will be moved again. It said the exchange’s wallet (1PuQB) had transferred 12,000 Bitcoins valued at over $1 billion last March 6th. Akrham also added that the crypto exchange transferred $15 million of the $1 billion fund to BitGo, one of its custodians handling creditor repayments. Mt. Gox also moved 166.5 Bitcoins valued at $15 million to its cold wallet, while the rest was transferred to an unidentified crypto wallet. Mt. Gox was also active last March 11th, transferring 11,833 Bitcoins worth nearly $1 billion at current prices. Spot On Chain shared that the company started transferring its assets last June 2024, with the first tranche valued at $9.2 billion. Mt. Gox Moving Its Bitcoins To Pay Creditors Mt. Gox was once the top crypto exchange before it fell into bankruptcy in early 2024, losing 850,000 Bitcoins. At its peak, the crypto exchange handled 70 to 80% of the total crypto trade transactions. Related Reading: XRP Breakout On Hold? Financial Expert Reveals What’s Missing After its collapse in February 2014, a court appointed trustees to manage the company’s bankruptcy proceedings and plan its finances. According to a court agreement, Mt. Gox has until October 31st, 2025, to compensate the affected customers. Featured image from Shutterstock, chart from TradingView
This is the third significant on-chain movement of funds by the exchange in four weeks.
Mt. Gox, the Bitcoin exchange that is now insolvent, has transferred 11,833.6 BTC, totaling approximately $931 million, to new addresses, in a significant development within the cryptocurrency community. The prospective impact of this action on the broader crypto market has sparked discussions. Related Reading: XRP Set For A ‘Life-Changing’ Month? Expert Sees $27 Incoming Bitcoin Movement: Details Of The Transfer According to blockchain research by Arkham Intelligence published on March 11, Mt. Gox made two notable Bitcoin transactions. The first transaction consisted of the 11, 501.58 BTC (about $905 million) being sent to an unknown wallet. The second transaction consisted of the transfer of 332 BTC (about $26.1 million) to a hot wallet. Context And Background This recent activity is the result of a succession of significant transactions by Mt. Gox. On March 6, the exchange transmitted more than $1 billion in Bitcoin to a wallet assigned the name “1Mo1n.” The most recent transfers were initiated by the same wallet, which is now acknowledged as an official Mt. Gox address. The current value of Mt. Gox’s holdings is approximately $2.85 billion, with an estimated 35,915 BTC. Market Consequences Historically, investors have expressed apprehension regarding the potential for sell-offs of substantial Bitcoin quantities from Mt. Gox, which could potentially lower the price of the flagship crypto. Nevertheless, the market’s immediate response to these recent transfers has been lackluster, indicating that the market may have already factored in these events or that the actual sale of these assets has not yet taken place. A Look Back At Mt. Gox’s History At one point, Mt. Gox handled up to 80% of all Bitcoin transactions worldwide, making it the biggest Bitcoin exchange in the world. The platform experienced a significant security breach between 2011 and 2014, which led to the loss of about 850,000 Bitcoin, which was worth about $500 million at the time. The exchange filed for bankruptcy as a result of this incident, leaving thousands of creditors in a precarious financial – and even psychological – situation. There have been attempts to pay back creditors in recent years. This restitution process includes the recovered funds, including the Bitcoins that are moving right now. The cryptocurrency community keeps a careful eye on the timing and format of these reimbursements since they have the ability to affect market dynamics. Related Reading: Bitcoin’s ‘Ugly Start’ – Weekend Sell-Off Pushes Price Near $80K The Bigger Picture The bitcoin industry has had several well-publicized security lapses over the years. For instance, the February 2025 hack on the Bybit exchange resulted in the theft of $1.5 billion worth of Ether tokens, making it one of the largest cryptocurrency thefts to date. The most recent $931 million Bitcoin transfer from Mt. Gox has spurred fresh discussions about the security and feasibility of cryptocurrency exchanges. Despite the scenario’s apparent lack of immediate market impact, it serves as a warning of the dangers and complexity inherent in the digital asset space. Featured image from Gemini Imagen, chart from TradingView
Wallets linked to Mt. Gox still hold $2.9 billion of assets, which are due to be paid out to creditors this October.
Bitcoin took center stage again as Mt. Gox moved 12,000 BTC, valued at over $1 billion, to an unknown wallet. This occurs at a time when Bitcoin is trading at approximately $92,000, a level that has caused market volatility. The actions of the defunct exchange have sparked debate regarding whether this movement indicates imminent creditor repayments or something else entirely. Related Reading: Billionaire Warns Of Financial Turmoil—Will Bitcoin Save Investors? Large Bitcoin Transfer Raises Eyebrows Mt. Gox collapsed in 2014 following a major attack, and for years it has been in the process of reimbursing debtors. Regarding the trade, the movement of 12,000 BTC represents among the most important events in recent history. While some people think it may be a big step toward the much-needed repayments, others worry about the possible market pressure a big sell-off could generate. On March 6, Arkham Intelligence reported that a Mt. Gox-linked wallet, “1PuQB,” moved 12,000 BTC, with 11,834 BTC (over $1 billion) sent to an unidentified wallet, “1Mo1n,” and 166.5 BTC ($15 million) transferred to Mt. Gox’s cold wallet, “1Jbez.” ARKHAM ALERT: MT GOX MOVING $1B $BTC pic.twitter.com/VpIkHdJQkl — Arkham (@arkham) March 6, 2025 This marks the first major transaction since January, when smaller amounts were shuffled between its cold wallets. Mt. Gox-linked wallets still hold approximately 36,080 BTC, valued at $3.26 billion, according to Arkham. Such a large volume of Bitcoin movement historically has caused market volatility to rise. Investors are closely monitoring the possible sale in great numbers or redistribution of these monies to creditors. Although the recent surge in Bitcoin shows strong buying demand, this latest movement – if its a sell – could trigger a price dip, Bitcoin Price Remains Stable At Or Above $90,000 Bitcoin is strong and is currently trading at about $91,680 despite the uncertainty. The market’s lackluster reaction to the transfer thus far may suggest that investors are “cool” about the most recent activity from the now-defunct exchange. Similar huge transactions have previously resulted in brief declines, but the price of Bitcoin has continued to rise. Creditors Await Further Updates Mt. Gox’s creditors have been waiting years for their money to come back. Payback has been slow and marked by delays. Although this most recent transaction shows that development is happening, it is still unknown when or how the creditors will get their Bitcoin. Many hope that restitution will be handled smoothly so that it minimizes disturbance of the market. However, until official announcements are made, speculation will continue. The crypto community remains watchful for any updates that might clarify the exchange’s next steps. Related Reading: Bitcoin ‘Won’t Stop At $150K’ This Year, Research Firm Chief Says What Next For Bitcoin Meanwhile, any information regarding Mt. Gox’s forthcoming actions could potentially influence the coin’s short-term price action. Investors and analysts will be monitoring the transferred BTC for indications of heavy selling activity. Featured image from Gemini Imagen, chart from TradingView
The former crypto executive was previously arrested in Poland in 2021 over related matters but was released after 40 days.
Defunct exchange Mt. Gox moves billions in BTC to an unknown address, raising alarm on crypto social media.
Long-bankrupt crypto exchange Mt. Gox moved over 24,000 Bitcoin to an unknown address after the cryptocurrency struck above $100,000.
Trustees transferred over 30,000 BTC from “1FG2C…Rveoy” to “1Fhod…LFRT,” a new wallet, and $200 million to a Mt. Gox cold wallet.
Mt. Gox, the defunct crypto exchange, has transferred more than $2 billion worth of Bitcoin into two newly created wallets, according to data from Arkham Intelligence. Data from the blockchain analytics platform shows that Mt. Gox executed this transaction on Nov. 4 at 23:38 UTC. Most of these funds, totaling 30,371 BTC, were directed to […]
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Around 500 BTC has been moved from a Mt. Gox-associated address but it is unclear if this is related to repayments.
Mt. Gox-linked crypto wallets still hold $2.7 billion of bitcoin after having distributed nearly $6 billion worth of assets to creditors earlier this year, Arkham data shows.
EllipX will comply with the EU’s MiCA regulations, with plans to add fiat services and offer fee cuts for former Mt. Gox users.
Over 121,000 Celsius creditors have yet to claim their funds, according to the Celsius bankruptcy administrator.
It’s the most significant Bitcoin move since July 30, though Galaxy’s head of research doesn’t think it’s for distribution.
Some users in the Mt. Gox creditors channel on Reddit reported receiving funds on their BitGo accounts.
Mt. Gox creditors defy expectations by holding onto their Bitcoin despite a decade-long wait to get their hands on it.
After a decade of waiting, Mt. Gox customers will find their crypto assets worth much more than when the exchange collapsed.
Amid the recent recovery from a significant price correction of over 25% that sent the Bitcoin price to a 6-month low of $53,500, the largest cryptocurrency on the market has since recovered to trade in the $66,000 to $68,000 range despite the start of Mt. Gox creditor repayments. Investors, buoyed by prospects of continued price appreciation, have adopted a HODL stance, opting to retain their assets rather than selling them off following the alleged hack suffered by the Bitcoin exchange in 2011. BTC Hodlers Stand Firm Data from market intelligence platform Arkham reveals that Mt. Gox initiated a significant movement of $2.47 billion worth of BTC to new wallets, facilitating the distribution of 5,106 BTC worth $335 million to four distinct Bitstamp addresses on Wednesday. Concurrently, creditors have commenced receiving their owed Bitcoin and Bitcoin Cash (BCH) through the US-based crypto exchange Kraken, as previously reported by NewsBTC on Thursday. Despite initial concerns of a sell-off akin to the June events, where the German police’s wallet sold over $3 billion in BTC, impacting Bitcoin’s market performance, analytics from CryptoQuant indicate a positive shift. Related Reading: Road To $200: Crypto Pundit Reveals Key Levels To Watch For The Solana Price A notable increase in Bitcoin withdrawals from Kraken post-Mt. Gox reimbursements suggest that affected users opt to hold onto their coins, moving them from exchanges to cold wallets. On-chain data compiled by the firm shows that in the past 24 hours alone, more than 5,000 BTC worth $329 million have been withdrawn from exchanges, contributing to the current consolidation price action and stability for the Bitcoin price over the past few days. Arkham’s data further illustrates Mt. Gox’s ongoing efforts to repay creditors, with over 50,000 BTC transferred from the exchange’s wallet out of a maximum of 142,000 BTC while retaining 90,344 BTC valued at approximately $6 billion in BTC. Echoing the sentiment of CryptoQuant’s findings, Alex Thorn from Galaxy Digital highlights that most creditors are long-term Bitcoin proponents with a profound understanding of the technology. Thorn asserts that their preference to reclaim Bitcoin rather than opt for a USD payout signifies a strong inclination towards holding their assets rather than triggering a sell-off. Moreover, Thorn points out that the substantial capital gains implications of selling Bitcoin could dissuade creditors from liquidating their holdings. Bitcoin Price Analysis At the time of writing, the largest cryptocurrency on the market is trading at the $66,400 milestone, as it is a key support level for the Bitcoin price on its way to retesting the upper resistance walls with an eye on the all-time high of $73,700 reached on March 14th. Adding to the bullish sentiment surrounding BTC’s price performance over the past week, the price may find notable support levels that could prevent further declines in the event of a sell-off by some Mt. Gox creditors in the coming days at $65,000. Related Reading: Litecoin (LTC) Set To ‘Wake Up’, According To Legendary Trader’s Forecast Another key level for the bulls to watch is the $63,500 area, where the 200-day exponential moving average (EMA) is located, which, as seen in the daily BTC/USDT chart below, has previously accompanied the price on further gains and acted as a strong support for BTC. Ultimately, it remains to be seen what stance creditors of the failed Mt. Gox exchange will take in the coming days and weeks as more repayments are expected to flood creditors’ wallets and what impact this may have on the price Featured image from DALL-E, chart from TradingView.com