The MT Gox ghost returned on March 6, when 11,834 BTC – more than one billion dollars – turned to an unlimited address and transferred 166.5 BTC ($ 15 million) to cold storage. The reasons are guessing anyone, which raises everything from rumors to pay creditors to fears of liquidation of Bitcoin that waved on the horizon.
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Empty MT Gox transaction
Dumntant is no longer, mt. Gox Wallets made waves with the first move in the main Bitcoin within three months. The Exchange maintains more than $ 3.3 billion in BTC, with a transfer of 166.5 coins to an old cold port (1jbez) and 11,834 BTC sent to a new address (1MO1N). 99Bitcoin analysts now expects to sell the collapsed stock exchange from BTC after the White House encryption summit, outwardly after a noise pump.
Mount Jugs once ruled the encryption world, dealing with 70 % of all bitcoin deals at its peak before it collapsed in 2014 under the weight of $ 850,000 from BTC – $ 450 million at that time. Fallout threw the encryption market in chaos, leaving the creditors for forgetting for nearly a decade.
The recovery finally began in 2024, when small groups of Bitcoin and Bitcoin Cash were moved to 21,000 creditors via platforms like Kraken and Bitstamp. The operation has now been delayed until October 31, 2025.
These recent movements have achieved fresh uncertainty in the already volatile encryption market. Some market monitors believe that MT. Gox may lay the foundation for additional creditors.
This theory is in line with the previous wallet activity, such as the transfer of December 2024 of 1,620 BTC, which preceded more payment. However, the huge volume of this week’s transfer has led to speculation that the sale of bitcoin on a large scale may be imminent-perhaps taking advantage of the stock exchange on the current trading scale in Bitcoin near 90,000 dollars.
ICYMI: Earlier today, Jooks just woke up. More than 12000 BTC ($ 1.2 billion) have moved today – the largest transportation process since its collapse for the year 2014. Eyes on the market. pic.twitter.com/pcfbr7pfja
– Nanson
(nansen_ai) March 6, 2025
Crypto Twitter, as always, in the status of civil war. While most of them are discussing who will benefit from the Crypto summit for the White House – the amazing bet is Vitalik Buterin will not wear a suit – others focus on MT Gox. The sale of this volume can exercise a declining pressure on the price of bitcoin, although some argue that institutional demand may absorb the supply easily.
What after the top of the White House encryption?
Earlier this week, Bitcoin has regained its foot at 90,162 dollars, an increase of 4 % in the past 24 hours after it decreased from 94,770 dollars to 82,681 dollars in just one day. The decline, caused by the American commercial tariffs, confirmed the fluctuations of the market, but the Bitcoin recovery tells a different story. This is not the same fragile assets that Mount Jooks shaken – he is now a mature player with institutional support, strong derivatives, and a reliable buyer.
With less than two years until the final date of the final payment, the MT. actions are likely to remain. Gox is a pivotal point for both creditors and market participants. Whether this last step indicates more payment or market activity, its impact will be closely monitored.
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The MT Gox ghost returned on March 6, when 11,834 BTC – more than a billion dollars – turned into an unlimited address.
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The reason behind the sale of the next White House encryption may be on Friday
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With less than two years until the final date of the final payment, the MT. actions are likely to remain. Gox is a pivotal point for both creditors and market participants.
The post is MT Gox about to discharge the US encryption reserve? He moved billion dollars in BTC before the appearance of the White House Crypto summit first on 99bitcoins.