Early signs suggest that Bitcoin investors who have received repayments from Mt. Gox are choosing to hold onto their recovered coins rather than sell them. There has been a notable increase in Bitcoin withdrawals from Kraken, one of the exchanges handling the repayments, with over 5,000 BTC withdrawn in the past 24 hours. Recipients are likely moving their assets to self-custody wallets for increased security.
Mt. Gox Bitcoin Selloff Not Inevitable, Experts Say
Jul 25, 2024