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Sign InThe defunct cryptocurrency exchange Mt. Gox has initiated significant Bitcoin transfers from its cold wallets as the court-ordered creditor repayment deadline approaches. These movements are part of a long-awaited rehabilitation plan to compensate users affected by the 2014 hack. In a parallel development on Wednesday, the Royal Government of Bhutan moved 519.7 BTC, valued at approximately $36.75 million. This recent transfer is identified as part of a broader pattern of outflows from Bhutan's sovereign wallet observed throughout the month of March. Market participants are closely monitoring these combined activities, fearing a potential surge in market supply. The influx of long-dormant or sovereign-held Bitcoin often triggers concerns of a mass sell-off, which could exert downward pressure on BTC/USD prices and increase near-term volatility.