8億美元的MtGox償還會使加密貨幣市場崩潰嗎

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The start of Mt.Gox repayments in July caused significant price fluctuations in the crypto market due to uncertainty about how the funds would be used.
The first round of Mt.Gox repayments, facilitated by Kraken, led to a drop in Bitcoin price from $63k to around $53k.
On-chain analysis suggests Mt.Gox is preparing for further repayments after consolidating its funds in a cold wallet.
After the Mt. Gox rehabilitation trustee, Nobuaki Kobayashi, announced the start of repayments to creditors in July, the crypto market experienced a wave of heightened volatility. The uncertainty around how Mt. Gox customers and creditors would handle the $8 billion in payouts sent shockwaves through the entire market, sparking fears of a potential sell-off.
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Here’s what to expect ahead.
Bitcoin Price Drops!
During the
first round of Mt.Gox repayments
, through different exchanges led by Kraken, the Bitcoin price dropped from $63k to hovering around $53k in two weeks.
This significant drop left investors concerned about the potential for more turbulence as further payments are processed.
MT. GOX BTC ON THE MOVE
Mt. Gox emptied 4 of their wallets last night after receiving $370K in BTC from Kraken.
More repayments coming soon?
Mt. Gox currently holds 44,899 BTC ($2.85B).
pic.twitter.com/Zh1OKQOygW
— Arkham (@ArkhamIntel)
September 25, 2024
According to on-chain analysis by Arkham Intelligence, Mt. Gox appears to be gearing up for additional creditor payments. Strategic wallet movements were detected, with Mt. Gox emptying four of its wallets in the last 24 hours after receiving approximately $370 worth of Bitcoin from Kraken.
Now, with 44.89K BTC consolidated in a cold wallet, Arkham Intelligence suggests that creditors who missed out in the initial round of payments could soon see their funds.
Bitcoin’s Correlation with Gold and Market Sentiment
Similar technical clues that were displayed on Gold before its new ath are now showing on
#Bitcoin
A new ath for
$BTC
is loading…
pic.twitter.com/LTRikNjT4V
— Mikybull Crypto (@MikybullCrypto)
September 25, 2024
Historically,
Bitcoin’s price
has often mirrored the movement of gold, and Wall Street analysts predict that a significant crypto market shift may be looming. The fear of further market capitulation seems to have eased, with
Bitcoin’s Fear and Greed Index
at 59%, indicating growing investor confidence and greed.
Also Read :
XRP Whales Shift 430 Million Coins in 24 Hours – Market Dump Incoming?
,
While the upcoming Mt. Gox repayment of nearly $3 billion could spark short-term bearish volatility, many experts believe the market will recover. A bullish cycle is expected to take off in the fourth quarter, signaling potential opportunities for long-term investors.
Is the fear surrounding Mt. Gox repayments justified? Let us know your take.
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Bitcoin
Price Analysis