Key Takeaways
• Mt. Gox has transferred another 11,833 BTC worth over $930 million, marking the second massive transaction in a week.
• The transfers are part of the long-awaited creditor reimbursement process, set to be completed by October 2025.
Paradisers! Why is the most infamous exchange in crypto history suddenly moving billions of dollars in Bitcoin?
The now-defunct Mt. Gox has made yet another massive transfer, sending 11,833 BTC to new wallets, following a similar $1 billion transfer last week.
The numbers are staggering. Since June 2024, Mt. Gox has moved a total of $9.2 billion worth of Bitcoin, and with only 24,411 BTC left in its reserves, we are getting dangerously close to the final act of this decade-long crypto saga.
Market Reaction—A Quick Dip, Then a Recovery
As expected, the market reacted fast. Bitcoin’s price dropped 2.4% to $76,784 within minutes of the transaction, only to bounce back to $79,275 shortly after.
Arthur Hayes, the founder of Maelstrom, reassured traders that while BTC could drop to $70,000 in the short term, this is all part of a bigger market cycle.
Are We Finally Nearing the End of the Mt. Gox Saga?
This isn’t just about Bitcoin’s short-term price swings. These movements suggest that after more than a decade, Mt. Gox creditors may finally receive their long-awaited refunds sooner than expected.
The exchange had previously set a final reimbursement deadline of October 31, 2025, but with money already moving, some creditors might be getting their BTC much earlier.
This could mark the end of one of the longest-running financial settlements in crypto history, but the real question remains, how much of this refunded Bitcoin will hit the market?
MCP Saw This Coming, Here’s What’s Next
Mt. Gox creditors getting their BTC back could trigger huge waves of selling pressure, or it could be a classic market overreaction before a massive rally.
The real play here isn’t reacting to the news, it’s anticipating the moves before they happen. That’s exactly what we do inside MCP News Private.
If you want to trade with clarity instead of FUD, join MCP News Private and trade like the pros in ParadiseFamilyVIP.
Join MCP News Private Telegram.
Trade Smarter with ParadiseFamilyVIP.
Catch Our Full Breakdown on YouTube.
The market is watching Mt. Gox. The real traders are already positioning for what’s next.
