Bitcoin Traders Shrug at $2.8 Billion Mt. Gox Transfer - Decrypt
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Bitcoin Traders Shrug at $2.8 Billion Mt. Gox Transfer
What happened "has been met with relative silence," Jung told Decrypt, adding that the market showed "little reaction" to the transfer. A wallet associated with Mt. Gox transferred 27,871 Bitcoin worth $2.8 billion amid Bitcoin's breakthrough ab
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Summary
- 💰 **Massive Transfer**: A wallet linked to Mt. Gox moved 27,871 Bitcoin, valued at $2.8 billion, as Bitcoin surpassed $100,000.
- 📉 **Market Reaction**: Despite the significant transfer, traders showed "little reaction," indicating resilience in the market.
- 🔍 **Blockchain Tracking**: The transfer was monitored by Arkham Intelligence, revealing it was sent to an unmarked address.
- 📊 **Historical Context**: Large transfers from Mt. Gox usually lead to price volatility, but this instance appears to be an exception.
- 🤔 **Analyst Insights**: Experts note that the current market's stability amid such a transfer is unprecedented.
Top Highlights
- Bitcoin Traders Shrug at $2.8 Billion Mt. Gox Transfer What happened "has been met with relative silence," Jung told Decrypt, adding that the market showed "little reaction" to the transfer.
- A wallet associated with Mt. Gox transferred 27,871 Bitcoin worth $2.8 billion amid Bitcoin's breakthrough above $100,000, late Wednesday evening. It was a show of unprecedented resilience for traders in the face of large-scale transfers, which have historically triggered volatility. The transfer, tracked by blockchain analytics firm Arkham Intell...
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