Overview
- Arkham Intelligence tracked the late‑Monday shift of 10,608 BTC, including 10,422 BTC to a previously unused address and 185.5 BTC back to a Mt. Gox hot wallet.
- The on-chain activity was the exchange’s first major wallet movement in about eight months, renewing attention on its remaining reserves.
- Bitcoin extended recent losses after the transfer, briefly touching about $89,500 during a broader market decline.
- Reporting notes no flows to known exchange deposit addresses, a pattern that on-chain observers say points to internal wallet reorganization rather than immediate payouts.
- Mt. Gox still holds roughly 34,689 BTC, and the court-approved deadline for repayments to an estimated 80,000 creditors runs through October 31, 2026.