While Bitcoin vacillates around $ 81,000, a massive transfer of nearly 12,000 BTC by the former deceased giant relaunches speculation. Between psychology of the actors and invisible mechanisms on the market, decryption of a jolt that recalls the fragility of an ecosystem still marked by its ghosts.
MT. Gox has just caused the next Krach of Bitcoin?
The figures speak, but their interpretation divides. According to Lookonchain, Mt. Gox moved 11,834 Bitcoins this month, including 11,502 to an unknown wallet.
An opaque maneuver, preceded by a transfer of $ 1.07 billion in March. Why these movements now? The answer may be nestled in the legal entrails of the reimbursement of creditors, initiated in July 2023 but stretched until October 31.
Timing questions. These transactions arise while the market is going through a turbulence area: Ethereum has affected invisible levels since October 2023, and Bitcoin Tangue. Coincidence? Not really.
Each MT. Gox movement acts as an electroshock on investors still traumatized by the bankruptcy of 2014. The platform, although Moribonde, retains a hypnotic power on the courses.
However, the facts resist fantasies. No massive liquidation has followed the previous reimbursements.
Creditors, often hodleurs Sweet, seem to prefer caution to panic. The postponement of the deadline to October 2024 – announced at the end of 2023 – even appeased the fears. But the market works instinctively. Mt. Gox always finds a way to maintain the nervous market. Fear sometimes feeds on itself.
Panic on the market
Bitcoin works like a distorting mirror: a transfer is never only a transfer … until it becomes a symbol. 11,834 BTC moved represent only a tiny market fraction. But in the collective imagination, Mt. Gox always embodies the systemic risk. Each transaction awakens the spectrum of a sales deluge, although nothing technically indicates.
Let's analyze coldly. Bitcoins sent to a hot wallet – often associated with immediate liquidity – could predict a future sale. But the majority landed in a “new portfolio”, probably an intermediate step before redistribution. A logic of prudence, no attack. However, the market is overdoing. As if each unknown address hid a trap, each transaction a warning.
In reality, this nervousness reveals a deeper truth: Bitcoin remains vulnerable to stories. The algorithms drag at the speed of rumors, and the media amplify each thrill. The fall under $ 2,000 for Ethereum? A symptom of this permeability to signals, whether real or imaginary, but which still impacts the DEFI, resulting in a collapse of 45 billion.
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