CryptoQuant CEO: Mt.Gox transfers 47,000 BTC, but it will not affect the price

CryptoQuant CEO Ki Young Ju posted on the X platform that Mt. Gox transferred 47,000 Bitcoins, but this will not affect the price. Three possible scenarios: internal transfers, over-the-counter transactions, and use of brokerage services. In addition, 1,500 Bitcoins flowed to Bitbank, but there was no significant change in transaction volume. Monitoring trading flows is necessary to determine whether Bitbank is being used as a broker. In the third scenario, 94,000 Bitcoins are available for sell-side liquidity, but a large-scale sale is unlikely. If it is an over-the-counter transaction, no problem. According to previous news, Bitstamp said: "According to the agreement with the Mt. Gox trustee, Bitstamp has 60 days to distribute tokens, but we will work hard to ensure that these investors are compensated as soon as possible." It is reported that the compensation is processed through five exchanges, which have different time frames for allocating tokens after receiving the tokens from the trustee. Two of the Japanese exchanges (Bitbank and SBI VC Trade) have received and appear to have distributed the allocated funds received, completing the distribution within just a few hours instead of the originally agreed upon maximum of two weeks.