Mt. Gox appears to be shifting funds from cold storage in preparation for distribution to creditors, with nearly 100,000 BTC in outflows on July 16.
Bitcoin (BTC) shed over 3% on July 16 as what analysis called “FUD” involving defunct exchange Mt. Gox resurfaced.
Data from Cointelegraph Markets Pro and TradingView showed BTC price action under pressure after hitting $65,000 on Bitstamp.
The downturn came as BTC belonging to Mt. Gox shifted between wallets affiliated with its rehabilitation program.