Mt. Gox has transferred 24,051 Bitcoin, valued at approximately $2.5 billion, to an unknown address. This transfer was made shortly after Bitcoin reached a milestone of $100,000 and was the first transfer by the exchange since November 12th, according to data from Arkham Intelligence.
The transfer occurred at 2:45 am UTC and was made just 12 minutes after Bitcoin reached the $100,000 mark and half an hour before it hit a high of $104,000 on Coinbase. It is not clear why Mt. Gox, which went bankrupt in 2014, made this transfer of its holdings, but past similar moves have been a sign of upcoming payouts to its creditors.
This type of movement of large amounts of Bitcoin is often viewed as negative for the market, as it could potentially flood the market with billions worth of Bitcoin from individuals who have been unable to access their funds for over a decade.
