🚨 MARKET ALERT: The Mt. Gox Bitcoin Movement Has Begun 🚨
The moment many have feared—and others have waited a decade for—is finally here. Mt. Gox has started moving BTC.
What's happening?
• The defunct exchange’s trustee is preparing to distribute ~142,000 BTC ($9.7B+) to creditors by October 31.
• This week, initial transfers to exchanges and preparatory movements have been confirmed.
Why it matters:
This is the single largest overhang on Bitcoin’s supply. While many creditors are long-term holders, the market is bracing for potential selling pressure as some choose to liquidate after 10 long years.
The big question:
Will this distribution create a prolonged dip, or will the market absorb it and move on? History suggests that after major supply unlocks, Bitcoin has often continued its long-term trend—but volatility is almost guaranteed.
Stay sharp, watch the on-chain data, and keep perspective. This is a closure of crypto’s oldest wound.
👉 What’s your take? Buy the dip or brace for impact?
