The amount of Bitcoin held in the Mt.Gox wallet address in Mentougou has decreased by approximately 77%
According to Arkham's monitoring, since the beginning of 2021, Mt. Gox wallet has held a total of 141,690 Bitcoins, reaching a peak market value of $10.12 billion in March 2024. Currently, the Mt. Gox wallet holds 32,900 Bitcoins (approximately $2.11 billion), accounting for about 23% of what it held at the beginning of 2021, with holdings having decreased by approximately 77%.
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After Waller's hawkish speech, the market focuses on "rate hikes", but Morgan Stanley says balance sheet reduction is more likely.
After the Jackson Hole meeting, the market's focus has shifted to interest rate hike expectations. However, Morgan Stanley economist Carpenter pointed out that Walsh's long-standing stance on reducing the $7 trillion balance sheet should not be overlooked. It is expected that the Federal Reserve may begin a balance sheet reduction of more than $1.5 trillion next year, partially replacing rate hikes.
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