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16000 BTC & BCH Sold By Mt Gox Again – Price Alert

16000 BTC & BCH Sold By Mt Gox Again – Price Alert

With the surge of bitcoin and other cryptocurrency see lost in faith now. Yet Mt. Gox company see’s that an opportunity and sold off the majority of bitcoin recently.

Bitcoin unstabilized and it was observed to be dipping now.

Since January, Mt Gox selling off the bitcoin at just the right moment and ruining the bitcoin market. The greatest bitcoin dip was seen from 19,700$ to $6000 in 2 month period.

Mt. Gox is one of the most controversial exchange platforms which was declared bankrupt is yet again accused of being involved in the price fluctuations.

For those who missed out the mt. gox case: Mt. Gox Bitcoin Sells History And Case Analytics

Mt. Gox sold off 16000 BTC worth around 1.4 billion USD at the current price. The company sold these BTC from their cold wallet to the major market.

The transaction had made 8 times with 2000 BTC each.

Similar bitcoin cash is sold off around 16000 BCH off with 2000 BCH 8 times.

MTG CW Adress Total BTC amount Remaining BTC amount Status BTC variation
18KDS3q6a4YV9Nn8jcyMvNoVPfcrfemeag 2000.00202 0 BTC move -2000.00202
1AZu7TQmKBAes2duNDctYwjAB9nhHczUnA 2000.00178 0 BTC move -2000.00178
1B6kJM75iu5ty1HAHMMz6tT1HhjoGNTCa9 2000.00175 0 BTC move -2000.00175
1CRjKZJu8LvTutnSKq4zTJ4yiqrzMAArYW 2000.0017 0 BTC move -2000.0017
1LXi3x7hyt17cxncscGE887WCrC6XDNZ4P 2000.00122 0 BTC move -2000.00122
1Hm6XDmhKCHz68wDEYTapN9MEanke8iwUk 2000.0014 0 BTC move -2000.0014
1Fu4YgM3Y9CxvioGPqkSzkydAC8MVaPN1D 2000.00155 0 BTC move -2000.00155
1EK8vW7UYaYHKiW4TZmYJKtwcZLM14VjvP 2000.00163 0 BTC move -2000.00163

 

Check out movement of bitcoin and bitcoin cash from Mt. Gox: cryptoground.com/mtgox-cold-wallet-monitor

With the 16000 BTC sold, a small dip was observed.

on coinmarketcap, the bitcoin was seen to be dipping 1.34% within 24h, with the current price floating of 8890$ and 399B$ Market cap. Volume change of bitcoin is around 8B$ within 24h.

Conclusion

Yet again bitcoin were sold with the surge of the price of bitcoin and altcoin. It usual to suspect the dip in the price after this much of bitcoin sold and the price will be pushed off.

Bitcoin is not expecting to soars upto 8000$ might be even low, or consolidates at the current rates for a while.

Trading is very much risky at this time but a small trades could be well profitable.

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