Mt. Gox just moved $3B in Bitcoin — Here’s why the price barely blipped

Crypto analysts say Mt. Gox holders are more likely committed to hodling, and the market thinks so, too.

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Bitcoin traders may have finally grown tired of Mt. Gox Bitcoin “FUD,” with markets barely reacting to a new $3 billion transfer from a Mt. Gox-affiliated wallet.

On July 30, Mt. Gox moved around 47,229 Bitcoin (BTC) to three “unknown wallets” over a three-hour period, according to Lookonchain. Over the period, Bitcoin stayed above $66,000 but briefly fell into the $65,000 range.

At the time of publication, Bitcoin is trading at $66,105, according to CoinMarketCap data.

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