Bitcoin

Pepe Unchained

Million

Arkham

Coin

Defunct crypto exchange Mt. Gox transferred approximately $172.5 million worth of Bitcoin to unknown wallets less than 24 hours after the leading crypto recorded a new all-time high above $107K.
On-chain data from <a href="https://intel.arkm.com/explorer/tx/3a6b1c9956c37772d7bf702ce6ebd6eec081e746a55ec2f737d2bd927d94d9f0" rel="noopener noreferrer nofollow">Arkham Intelligence</a> shows that Mt. Gox moved 1,691.6 Bitcoins to two unlabeled addresses on Dec. 17.&nbsp;
<img decoding="async" src="https://images.pexels.com/photos/14358443/pexels-photo-14358443.jpeg" alt="Golden Bitcoin in Orange Background · Free Stock Photo">
<h2 id="span-style-font-weight-400-reasons-for-the-latest-mt-gox-btc-transfers-still-unclear-span">Reasons For The Latest Mt. Gox BTC Transfers Still Unclear</h2>
The 1,691.6 <a href="https://insidebitcoins.com/news/bitcoin-hits-new-ath-as-analyst-predicts-trump-btc-reserve-on-day-1-and-michael-saylor-hints-at-100k-btc-buy" rel="noopener noreferrer nofollow">BTC</a> moved by the exchange were split between two transfers of 1,427.9 Bitcoins and 191.7 Bitcoins. A portion of the largest amount ended up in a wallet starting with “1DeY” after moving through another address.
108 BTC from the 1,427.9 Bitcoin transfer and the smaller 191.7 BTC amount were then cycled through several addresses before ending up in an address starting with “1KLr,” which on-chain data shows currently holds 300 BTC.
The reasoning behind the latest transfers by the long-defunct crypto exchange remains unclear. Past movements by Mt. Gox have, however, been followed by creditor payouts.
<h2 id="span-style-font-weight-400-mt-gox-movements-don-t-faze-bitcoin-investors-span">Mt. Gox Movements Don’t Faze Bitcoin Investors</h2>
The latest transfers come after Mt. Gox shuffled more than 24,000 BTC worth around $2.5 billion to an unknown address shortly after the leading crypto broke above $100,000. Investors don’t seem fazed by the exchange’s recent <a href="https://insidebitcoins.com/news/microstrategy-co-founder-michael-saylor-says-mara-holdings-will-be-the-next-bitcoin-firm-to-join-the-nasdaq-100" rel="noopener noreferrer nofollow">Bitcoin</a> movements, with BTC trading above $100,000 since Dec. 13.&nbsp;
<a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a> data shows that Bitcoin posted a more than 1% 24-hour gain to trade at $106,910.90 as of 2:12 a.m. EST. This is after it set a new all-time high above $107,000 during the last trading session.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙 𝗙𝗹𝗼𝘄 (𝗨𝗦$ 𝗺𝗶𝗹𝗹𝗶𝗼𝗻) – 2024-12-16
 TOTAL NET FLOW: 636.9
 IBIT: 418.2 FBTC: 116.1 BITB: 30.7 ARKB: 47.7 BTCO: 0 EZBC: 0 BRRR: 0 HODL: 0 BTCW: 0 GBTC: 17.6 BTC: 6.6
 For all the data &amp; disclaimers visit:<a href="https://t.co/Wg6Qpn0Pqw" rel="noopener noreferrer nofollow">https://t.co/Wg6Qpn0Pqw</a>
 — Farside Investors (@FarsideUK) <a href="https://twitter.com/FarsideUK/status/1868888313265865090?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 17, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
US spot BTC ETFs (exchange-traded funds) also pushed their impressive inflow streak to 12 days after investors poured $636.9 million into the investment products yesterday, according to Farside Investors <a href="https://farside.co.uk/btc/" rel="noopener noreferrer nofollow">data</a>. BlackRock’s IBIT led the charge with $418.2 million inflows, pushing its total holdings to over $36,301 BTC.
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
<ul>
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/news/trending-meme-coin-pepe-unchained-lists-on-cexs-as-pepu-readies-2x-rewards-for-stakers" rel="noopener noreferrer nofollow">Trending Meme Coin Pepe Unchained Lists On CEXs</a></li>
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/news/104-crypto-whales-hold-57-of-total-eth-supply-as-the-daily-average-of-new-ethereum-addresses-reaches-8-month-high-santiment-says" rel="noopener noreferrer nofollow">104 Crypto Whales Hold 57% Of Total ETH</a></li>
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/news/vana-price-prediction-vana-drops-4-as-this-crypto-wallet-token-raises-over-4-6-million-in-presale" rel="noopener noreferrer nofollow">Vana Price Drops 4% As This Crypto Wallet Token Raises Over $4.6 Million</a></li>
</ul>

Mt. Gox Moves Over $172 Million In Bitcoin To Unknown Wallets Shortly After BTC Set A New ATH Above $107K

Table of Contents

Inside Bitcoins

Other articles published on Dec 17, 2024

New Solana Layer 2 ICO Solaxy Explodes On Launch: SOLX Token Raises $750K In First 72 Hours

🗒 Daily Newsletter | Tuesday, December 17, 2024

Xterio Partners with Reka to Build Emotionally Intelligent AI Agents for Gaming and Beyond

Simon’s Cat Hits New ATH After Binance Spot Listing – Which Meme Coin Is Next?

VanEck’s Matthew Sigel Says Bitcoin Will Reach $180K by 2025

Thousands of RLUSD Trustlines Are Being Activated Every Minute On XRP Ledger

Join our free newsletter for daily crypto updates!