
Mt. Gox $931M Bitcoin transfer raises sell pressure concerns
Mt. Gox, the defunct crypto exchange, has transferred 11,833.6 Bitcoin, worth approximately $931 million, to new addresses, sparking fears of potential sell-offs. According to on-chain data from Arkham Intelligence, the Bitcoin transfers, which took place on Mar. 11, saw 11,501.58 Bitcoin (BTC) (~$905 million) moved to an unidentified wallet, while 332 BTC (~$26.1 million) was…