Air Raid Alert: Mt.Gox Transfers Out Another $2.25 Billion in Bitcoin, Can BTC Hold $66,000?

According to Arkham real-time data, the Mt.Gox wallet address transferred about 33,964 bitcoins to an unknown address (bc1q2..) at about 7:30 this morning, with a value of nearly $2.25 billion. This transfer may be for compensation, but it is not clear to which exchange these bitcoins were transferred.

Compensation progress

Since the beginning of compensation in early July, Mt.Gox has transferred about 95,500 bitcoins, and currently there are about 46,000 bitcoins left in the wallet, and the remaining 30% of the compensation has not yet been completed. The impact of these transferred bitcoins on market prices is gradually weakening.

Bitcoin price fluctuations

The price of Bitcoin fell below $65,000 at 4 o'clock this morning, but then quickly rebounded to above $66,000. As of writing, Bitcoin is quoted at $66,342. Even after the news that Mt.Gox transferred $2.25 billion in Bitcoin came out, the price did not fluctuate significantly.

This stability may be because these bitcoins have not yet been transferred to creditors, or the market has adapted to the impact of the Mt.Gox selling pressure.

FOMC meeting and market outlook

It should be noted that the Federal Open Market Committee (FOMC) will announce the latest interest rate decision tomorrow morning, which may trigger market volatility. Investors should remain vigilant.

Performance of the top ten tokens

Ethereum fell below $3,300 again this morning, and was quoted at $3,278 as of writing, down 1.55% in the past 24 hours.

The performance of the other top ten tokens was mixed, among which XRP had the largest increase, up 6.61% in the past 24 hours; DOGE had the largest decrease, down 3.49% in the past 24 hours.

Data on liquidation of the entire network

According to Coinglass data, the total liquidation amount of cryptocurrency in the past 24 hours was about $115 million, and more than 44,000 people were liquidated, of which longs accounted for nearly $93 million.