CryptoQuant CEO: Mt. Gox has moved 47,000 BTC, but it will not affect the price

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Bitget2024/07/09 03:09

CryptoQuant CEO Ki Young Ju stated that Mt. Gox has transferred 47K Bitcoins, but this will not affect the price. There are three possible scenarios: internal transfer, over-the-counter trading, or using brokerage services.

In addition, 1.5K Bitcoins flowed to Bitbank, but there was no significant change in transaction volume. It is necessary to monitor whether Bitbank acts as a broker. If it's the third scenario, 94K Bitcoins can be used for seller liquidity, but large-scale selling is unlikely. If it's an over-the-counter trade, then there's no problem.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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