Post
Topic
Board Bitcoin Discussion
Re: Where did the 12,400 BTC that was moved from Mt. Gox actually go?
by
tbct_mt2
on 29/05/2024, 03:16:50 UTC
What 12.400?
It's 141,686  coins being moved
https://mempool.space/address/1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6
With $20 - $30B daily trading volume, if the transaction is only for $12,400 BTC, people would have not feel panic.

With $31B daily trading volume, it is about 453,306 BTC equally and they have reasons to worry about price falls if all or most people who receive distributions from Mt.Gox will sell their bitcoins on the market.

Because 141,686 BTC is about 31% of daily trading volume, smaller or bigger depends on different day and its total trading volume.