Mt. Gox Moves Over $172 Million In Bitcoin To Unknown Wallets Shortly After BTC Set A New ATH Above $107K

Defunct
crypto
exchange
Mt.
Gox
transferred
approximately
$172.5
million
worth
of
Bitcoin
to
unknown
wallets
less
than
24
hours
after
the
leading
crypto
recorded
a
new
all-time
high
above
$107K.

On-chain
data
from


Arkham
Intelligence

shows
that
Mt.
Gox
moved
1,691.6
Bitcoins
to
two
unlabeled
addresses
on
Dec.
17. 

Reasons
For
The
Latest
Mt.
Gox
BTC
Transfers
Still
Unclear

The
1,691.6


BTC

moved
by
the
exchange
were
split
between
two
transfers
of
1,427.9
Bitcoins
and
191.7
Bitcoins.
A
portion
of
the
largest
amount
ended
up
in
a
wallet
starting
with
“1DeY”
after
moving
through
another
address.

108
BTC
from
the
1,427.9
Bitcoin
transfer
and
the
smaller
191.7
BTC
amount
were
then
cycled
through
several
addresses
before
ending
up
in
an
address
starting
with
“1KLr,”
which
on-chain
data
shows
currently
holds
300
BTC.

The
reasoning
behind
the
latest
transfers
by
the
long-defunct
crypto
exchange
remains
unclear.
Past
movements
by
Mt.
Gox
have,
however,
been
followed
by
creditor
payouts.

Mt.
Gox
Movements
Don’t
Faze
Bitcoin
Investors

The
latest
transfers
come
after
Mt.
Gox
shuffled
more
than
24,000
BTC
worth
around
$2.5
billion
to
an
unknown
address
shortly
after
the
leading
crypto
broke
above
$100,000.
Investors
don’t
seem
fazed
by
the
exchange’s
recent


Bitcoin

movements,
with
BTC
trading
above
$100,000
since
Dec.
13. 

CoinMarketCap

data
shows
that
Bitcoin
posted
a
more
than
1%
24-hour
gain
to
trade
at
$106,910.90
as
of
2:12
a.m.
EST.
This
is
after
it
set
a
new
all-time
high
above
$107,000
during
the
last
trading
session.

????????????????????????????
????????????
????????????????
(????????$
????????????????????????????)
–
2024-12-16

TOTAL
NET
FLOW:
636.9

IBIT:
418.2
FBTC:
116.1
BITB:
30.7
ARKB:
47.7
BTCO:
0
EZBC:
0
BRRR:
0
HODL:
0
BTCW:
0
GBTC:
17.6
BTC:
6.6

For
all
the
data
&
disclaimers
visit:https://t.co/Wg6Qpn0Pqw

—
Farside
Investors
(@FarsideUK)

December
17,
2024

US
spot
BTC
ETFs
(exchange-traded
funds)
also
pushed
their
impressive
inflow
streak
to
12
days
after
investors
poured
$636.9
million
into
the
investment
products
yesterday,
according
to
Farside
Investors


data.
BlackRock’s
IBIT
led
the
charge
with
$418.2
million
inflows,
pushing
its
total
holdings
to
over
$36,301
BTC.

Related
Articles: