coindesk.com
An address tied to long-defunct crypto exchange Mt. Gox moved large amounts of $BTC to an unidentified address early Thursday as the cryptocurrency's price rose to six figures.
The address labelled as Mt. Gox (1FHOD) by analytics firm Arkham Intelligence moved 27,871 $BTC worth $2.8 billion to another address: 1N7jWmv63mkMdsYzbNUVHbEYDQfcq1u8Yp. The exchange still holds 39,878 $BTC worth over $4 billion at press time.
The latest outflow comes three weeks after the defunct exchange transferred 2,500 $BTC to an unknown address and has grabbed eye balls on crypto social media. These on-chain movements are likely related to creditor reimbursements, which were a significant source of bearish pressure this summer.
$BTC, however, is now showing any sign of weakness as of writing, trading steady above $103,000, CoinDesk data show.