OnChainSchool2024-07-24

Mt.Gox Refunds: Users Choose to Hodl Over Selling

Significant increase in $BTC withdrawals from Kraken after affected Mt.Gox users start receiving their $BTC. This could be a positive signal, indicating that they are not selling and are preparing to hold their coins, moving them from the exchange to cold wallets. Although the volume is not high, over 5K $BTC (USD 329.192.018$) have been withdrawn in the last 24 hours.