Key dealers
- Mt. Gox transferred 11,501 bitcoin, worth about $ 905 million, to an unmasked wallet after a test transfer to Bitgo.
- Mt. Gox still has over 35,915 bitcoin, valued at approximately $ 2.8 billion at current market prices.
Mt. Gox, the now closed crypto change, transferred $ 11,501 bitcoin, worth approximately $ 905 million, to an unnoticed address in the last hour, after a 166 BTC transfer to Bitgo last Friday, according to data From Arkham Intelligence.
These transfers came after MT. Gox moved over $ 1 billion In Bitcoin for a new wallet starting with “1MO1N” last week.
This wallet, which was later masked as the unit’s new wallet, moved $ 931 million in Bitcoin today, with about $ 905 million to an unidentified wallet and the rest to the unit’s warm wallet.
Mt. Gox retains ownership of more than 35,915 bitcoin, currently valued at approximately $ 2.8 billion at market prices.
The move comes after Bitcoin’s sharp decline, with prices falling below $ 77,000, which deepens its correction after a weak start to the week, for coytecko.
Bitmex founder Arthur Hayes predicts a possible rebuild of $ 78,000. “If we get into that range, it will be violent,” said Hayes, noted significant Bitcoin options open interest caught in the range 70,000 to $ 75,000. If the $ 78,000 level does not hold, he suggests that $ 75,000 may be the next goal.
According to Ryan Lee, the Research’s chief analyst, if Bitcoin fails to maintain the support level of $ 77,000, it can test the lower range $ 70,000- $ 72,000. Conversely a recovery could see a bounce from $ 75,000 and press the prize back to the interval $ 80,000- 85,000.
“The most likely scenario for this week suggests a test of the middle of the $ 72,000- $ 75,000 test, with Bitcoin, which stabilized close to $ 83,000 by 18-19, depending on broader market term, external factors such as regulatory news and the upcoming FOMC meeting,” listed Lee in a Monday statement.
