The defunct cryptocurrency exchange Mt. Gox has initiated significant Bitcoin transfers from its cold wallets after months of inactivity. These movements signal the start of the final distribution phase to creditors as the court-ordered repayment deadline approaches. The transfers are part of a long-awaited rehabilitation plan designed to compensate users who lost funds during the 2014 hack. Market participants are closely monitoring these wallet activities, fearing a potential increase in market supply. The influx of long-dormant Bitcoin often triggers concerns of a mass sell-off by creditors, which could exert downward pressure on prices. Consequently, the crypto market remains on high alert regarding the immediate impact on BTC/USD liquidity and volatility.

Sources:cryptobriefing.comu.todayainvest.commexc.comcoinpedia.org