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    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

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    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

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    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

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    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    Wayve Expands Engineering Leadership to Power Next-Gen Autonomous Driving Technology – Silicon Canals

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    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

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    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

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    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    Wayve Expands Engineering Leadership to Power Next-Gen Autonomous Driving Technology – Silicon Canals

    Wayve Boosts Engineering Leadership to Accelerate Next-Gen Autonomous Driving Innovation

    Frontdoor Announces Tech Expert Dr. Bala Ganesh as Chief Technology Officer – Business Wire

    Frontdoor Appoints Tech Visionary Dr. Bala Ganesh as New Chief Technology Officer

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    China’s Military Introduces Mosquito-Sized Drones: A Game-Changing Surveillance Technology – Indian Defence Review

    China Unveils Mosquito-Sized Drones: Revolutionizing Surveillance Technology

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

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Mt. Gox Transfers 96k Bitcoin Worth $6B: Arkham Intelligence Insights

July 16, 2024
in Business
Mt. Gox Transfers 96k Bitcoin Worth $6B: Arkham Intelligence Insights
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After briefly reaching a daily high of about $65k, Bitcoin’s (BTC) price retracted around 3 percent on Tuesday to trade around $62,981; the heightened crypto volatility caused forced liquidations of about $205 million in the past 24 hours. Furthermore, the entire altcoin industry rallied and retracted with Bitcoin price action in the past 24 hours.

Mt.Gox Repayments Accelerates

As the dust of the Bitcoin sales by the German government settled in the past few days, defunct crypto exchange Mt.Gox accelerated its repayment process on Tuesday. According to on-chain data analysis conducted by Arkham Intelligence, Mt.Gox transferred more than 96k Bicoins, worth over $6 billion, from its cold wallet to a new address in the past few hours leading to this publication.

The Mt.Gox Bitcoin repayment is not a major source of selling pressure compared to the sales by the German government. Moreover, the repayment will be sent to individual creditors, with the majority likely to be long-term holders. 

Silver Lining 

Long-term Bitcoin holders showed confidence last week, adding to their holdings despite fears about recent transactions involving Mt. Gox and the German government. pic.twitter.com/GCKgoFhOsX

— IntoTheBlock (@intotheblock) July 16, 2024

The demand for Bitcoin from institutional investors has increased in the past few weeks. According to on-chain data analytics provided by Intotheblock, long-term Bitcoin investors have continued accumulating more coins amid FOMO traders’ heightened volatility and re-emergence.

Meanwhile, the cash inflow into the US spot Bitcoin ETFs surpassed over $1.5 billion in the past two weeks. On Monday, the total cash inflow to the US spot Bitcoin ETFs was over $300 million, led by BlackRock’s IBIT.

With the recent Bitcoin halving gradually getting priced in, it is safe to assume a fresh crypto bull run is on the horizon.

Also Read: Ethereum Spot ETF to Launch On July 23,  ETH Price To Mark New Highs At $5600 Shortly

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Coinpedia – https://coinpedia.org/news/mt-gox-transfers-96k-bitcoin-worth-6b-arkham-intelligence-insights/

Tags: BitcoinbusinessTransfers
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Opinion: American Science Is in a Nosedive – and We’re All on Board – The Austin Chronicle

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June 27, 2025

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June 27, 2025
These are the best airlines of 2025 – and no US carrier made the list. Here’s why. – USA Today

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June 27, 2025
Heads of state and political leaders gather at ‘Summer Davos’. Here’s what they are saying – The World Economic Forum

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St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

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June 27, 2025
NBA Draft 2025: Did the Hornets reach for Kon Knueppel? And why the Spurs did the right thing with Dylan Harper – Yahoo Sports

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June 27, 2025
Fossil evidence of proboscidean frugivory and its lasting impact on South American ecosystems – Nature

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June 27, 2025

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June 27, 2025

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