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Amid ongoing market uncertainty, the defunct crypto exchange Mt. Gox has captured everyone's attention after transferring a million dollars worth of Bitcoin (BTC).
Defunct crypto exchange Mt. Gox has once again transferred millions of dollars in Bitcoin (BTC). On December 23, 2024, blockchain intelligence firm Arkham reported on X (formerly Twitter) that Mt. Gox had moved a significant $49.3 million in BTC.
According to the post on X, the exchange distributed this notable BTC into multiple wallets, allocating $19 million to two new wallets and transferring $30.6 million into the final wallet, 1Mvm. This marks the second distribution by Mt. Gox in December 2024.
Mt. Gox Currently Owns $3.45 Billion in Bitcoin
Last time, Mt. Gox moved $102.5 million in BTC into three separate wallets, which led to a price drop of over 10% and a crypto liquidation of $1.18 billion, as reported by CoinPedia. Experts are now speculating on a similar price decline this time.
Bitcoin’s Price Dropped 1.35% In 24 Hours
Bitcoin is currently trading at around $95,770 and has experienced a price decrease of 1.35% over the past 24 hours. During this same period, the asset’s trading volume has decreased by 26%, indicating less participation from traders and investors compared to the previous day.
Bitcoin (BTC) Technical Analysis and Upcoming Levels
As per technical analysis, BTC is now at a crucial support level of $92,000 and has been consolidating in a range between $92,000 and $98,380 for the last four trading days. Based on the recent price action, if the asset fails to hold this support level and closes a daily candle below $92,000, there is a high chance it could drop to the $84,000 level.
However, the technical indicator Relative Strength Index (RSI) suggests potential upside momentum, as its value is close to the oversold area.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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