Greed

Bitcoin

Arkham

Spot

<h3 class="wp-block-heading" id="h-key-insights"><strong>Key Insights:</strong></h3>
<ul>
 <li>Mt. Gox transferred 185.2 BTC worth $16.8 million to crypto exchange Kraken.</li>
 <li>This comes after a massive 10,423 BTC worth $950 million transfer today.</li>
 <li>Bitcoin price remains under selling pressure.</li>
</ul>
<p>Mt. Gox just moved 185.2 BTC to crypto exchange Kraken on Tuesday. This follows a massive transfer of 10,423 BTC earlier today.</p>
<p>Will Bitcoin price crash further as the defunct crypto exchange moved some BTC to the exchange as BTC fell below $90K today?</p>
<h2 class="wp-block-heading" id="h-mt-gox-transfers-bitcoin-to-kraken"><strong>Mt. Gox Transfers Bitcoin to Kraken</strong></h2>
<p><a href="https://x.com/OnchainLens/status/1990696115843535036" rel="noopener noreferrer nofollow">Onchain Lens reported</a> on November 18 that beleaguered crypto exchange Mt Gox deposited 185.2 BTC to the Kraken crypto exchange. The transfer was worth $16.8 million.</p>
<p>A few hours ago, Mt. Gox moved over 10,423 BTC worth $954 million to a new wallet. Spot On Chain reported that the wallet becomes active after 8 months.</p>
<div class="wp-block-image">
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  <img loading="lazy" width="1024" height="611" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/11/image-665-1024x611.png" alt="Mt. Gox Moves BTC | Source: Arkham">
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   Mt. Gox Moves BTC | Source: Arkham
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</div>
<p>On-chain experts claimed that the previous transfer could be to its own cold wallet. These BTC will likely get distributed to exchanges in smaller batches later.</p>
<p>However, these BTC moments by Mt. Gox sparked speculation of a further crash in Bitcoin price. It is because of fear in the crypto market as the Fear &amp; Greed Index slipped deeper into the extreme fear region to 11 on Tuesday.</p>
<h2 class="wp-block-heading" id="h-mt-gox-delayed-payments-for-another-year"><strong>Mt. Gox Delayed Payments for Another Year</strong></h2>
<p>Japanese exchange Mt. Gox <a href="https://www.thecoinrepublic.com/2025/10/27/bitcoin-news-mt-gox-delays-creditor-repayment-heres-what-to-expect/" rel="noopener noreferrer nofollow">delayed creditor repayments</a> by another year recently. It was a positive development as many fear that creditors will rush to sell their BTC, tanking the price.</p>
<p>As The Coin Republic reported, the trustee&nbsp;still held 34,689 BTC. Creditors will have to wait until October 2026 to be compensated, easing some jitters.</p>
<p>However, the latest BTC transfer to Kraken and a new wallet have raised concerns over a further drop in Bitcoin price. Current Bitcoin supply dynamics remain unchanged.</p>
<p>Some believe that as time passes, more creditors will simply hold their coins. That would significantly reduce the risk of a coordinated dump when repayments occur.</p>
<h2 class="wp-block-heading" id="h-will-bitcoin-price-fall-move"><strong>Will Bitcoin Price Fall Move?</strong></h2>
<p>Bitcoin price remains under selling pressure despite buy-the-dip sentiment among some whales and investors. Mt. Gox moving large amounts of Bitcoin sparked panic in the crypto community.</p>
<p>Crypto analyst Ali Martinez has noted that every death cross formation has marked a local bottom for Bitcoin over the past year.</p>
<p>However, a death cross formation in 2022 triggered a bear market, sparking concerns.</p>
<div class="wp-block-image">
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  <img loading="lazy" width="1024" height="711" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/11/image-666-1024x711.png" alt="Bitcoin Price Chart | Source: Ali Martinez">
  <figcaption>
   Bitcoin Price Chart | Source: Ali Martinez
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<p>BTC price saw a rebound after falling below the $90K level. At the time of writing, the price was trading 4% down at $91,403 over the past 24 hours.</p>
<p>The 24-hour low and high were $89,300 and $95,841, respectively. Furthermore, trading volume has increased by 53% in the last 24 hours, indicating a rise in interest among traders.</p>
<p>CoinGlass data showed mixed sentiment in the derivatives market. At the time of writing, the total Bitcoin futures open interest fell 0.62% over the past 24 hours. But it jumped 1.20% to $66.70 billion in the last 4 hours.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2025/11/18/breaking-mt-gox-transfers-over-185-bitcoin-to-kraken-after-moving-10k-btc/" rel="noopener noreferrer nofollow">Breaking: Mt. Gox Transfers Over 185 Bitcoin to Kraken After Moving 10K BTC</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Breaking: Mt. Gox Transfers Over 185 Bitcoin to Kraken After Moving 10K BTC

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