Multiple coin newsletters are reporting that 16,000 BTC or $140 Million worth was moved from Mt.Gox cold storage wallet this morning, pointing to another round of sell off by the estate’s bankruptcy trustee.
Source: https://www.ccn.com/140-million-in-bitcoin-moved-from-mt-gox-wallet-this-morning/amp/
Mt.Gox’s bankruptcy trustee holds about $1.9B of bitcoin, enough to crash the market if suddenly released. The trustee began selling its holdings of Bitcoin in September last year, culminating in the sale of 18,000 bitcoins on the 5th of February, which caused the price to drop to a three month low the follow day.
Beware and be prepared steemians!
