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Mt. Gox moved 10,306 BTC worth $730M amid Bitcoin's weak market ahead of creditor refund deadline.

Market News
02 Jun 2026
AMBCrypto
View Source
Neutral
pluang ai news

Mt. Gox transferred 10,306 BTC valued at $730.78 million into a new wallet after two months, signaling preparation for creditor refunds due by October. Despite this large move, none of the assets have entered exchanges yet. Meanwhile, Bitcoin's price remains weak, falling to a 7-week low near $69,277 amid a bearish market trend. Although recent strong buying has led to significant BTC outflows from exchanges, technical indicators suggest the market momentum is still bearish, with potential further declines before any recovery.

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