CryptoQuant CEO: Mt.Gox transfers 47,000 BTC, but it will not affect the price

Odaily News Ki Young Ju, CEO of CryptoQuant, posted on the X platform that Mt.Gox transferred 47,000 bitcoins, but this would not affect the price. Three possible scenarios: internal transfers, over-the-counter transactions, and the use of brokerage services. In addition, 1,500 bitcoins flowed to Bitbank, but there was no significant change in trading volume. Monitoring trading flows is necessary to determine whether Bitbank is used as a broker. In the third case, 94,000 bitcoins can be used for seller liquidity, but large-scale sales are unlikely. If it is an over-the-counter transaction, there is no problem. Earlier news, Bitstamp said: According to the agreement with the Mt.Gox trustee, Bitstamp has 60 days to distribute tokens, but we will work hard to ensure that these investors are compensated as soon as possible. It is reported that the compensation is processed through five exchanges, and these exchanges have different time frames for distributing tokens after receiving the trustees tokens. Two of the Japanese exchanges (Bitbank and SBI VC Trade) have received and seemingly distributed the received distribution funds, completing the distribution within only a few hours, rather than the maximum two weeks originally agreed.