Over One-Third of Mt. Gox Bitcoin Distributed as Whales Continue Buying Spree

Over one-third of the Bitcoin owed to the creditors of the defunct Mt. Gox exchange has already been distributed, yet large Bitcoin holders remain undeterred in their buying spree. According to a July 17 X post by CryptoQuant, over 36% of the Bitcoin owed to Mt. Gox creditors has been distributed. The analytics firm stated: “The trustee holds 141,686 BTC, which will be distributed over time. “With yesterday’s transaction, 36% of the Bitcoin has been moved to their former users.” Crypto investors have expressed concern about the potential sell pressure that the Mt. Gox repayments could introduce, potentially causing a