Overview
- Arkham Intelligence tracked a single transfer of 10,608 BTC around 11:40 p.m. ET, sending about 10,422 BTC to a new address and roughly 185.5 BTC back to a Mt. Gox hot wallet.
- Mt. Gox still holds approximately 34,689 BTC across multiple wallets, valued near $3.1 billion at current prices.
- There is no official confirmation that the move is tied to immediate creditor payouts, and bitcoin briefly traded below about $90,000 as traders assessed potential implications.
- Large Mt. Gox wallet movements have at times preceded distributions, though observers noted no flows to known exchange addresses that typically indicate near-term selling.
- The court-supervised repayment process continues, with prior distributions routed through platforms such as Kraken and Bitstamp and a deadline extended to October 31, 2026.