Mt. Gox transferred over $2.85 billion worth of Bitcoin to new wallets, including a substantial amount to Bitstamp, potentially indicating a sell-off strategy.
Movements of Bitcoin by Mt. Gox coincide with efforts to repay creditors affected in the 2014 hack, distributing over $9 billion worth of BTC in the near future.
Bitcoin's price dipped as Mt. Gox shifted assets, impacting market sentiment amid the anticipation of U.S. investors trading spot Ether exchange-traded funds.
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