Galaxy Research Director: Mt.Gox's Bitcoins will be held long-term rather than sold
Galaxy research director Alex Thorn posted on the X platform, regarding today's transfer of 47,228 BTC from the Mt.Gox wallet. Alex Thorn speculated that this transaction was transferred to one of the distribution agents. If correct, we may see more similar transfers totaling about 100,000 unless the custodian unnecessarily readjusts internal wallets like they did on May 27th. I still believe that Mt.Gox's bitcoins are more likely to be held long-term rather than sold off.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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