Mt. Gox Moves $1B in Bitcoin, Raising Payout Speculation

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Bitget Academy2025/03/26 05:58

By:Bitget Academy

Mt. Gox, the bankrupt cryptocurrency exchange, has made another large Bitcoin transfer, moving 11,501 BTC in its third major transaction this month. Blockchain analytics firm Arkham Intelligence reported that 893 BTC, worth approximately $78 million, was sent to a Mt. Gox cold wallet, while another 10,608 BTC, worth $929 million, was transferred to a different wallet.

Earlier this month, Mt. Gox had already moved 12,000 BTC on March 6 and another 11,833 BTC on March 11. Some of these funds ended up on Bitstamp, a crypto exchange, raising speculation that more transfers may follow. Currently, Mt. Gox still holds about 35,000 BTC, valued at roughly $3.1 billion.

Many believe these movements signal that long-awaited creditor payouts are approaching. Mt. Gox collapsed in 2014 after losing 850,000 BTC in a massive hack, leading to bankruptcy proceedings. While creditors can receive payments in Bitcoin, delays have persisted, with a new repayment deadline set for October 31, 2025.

Source: Cointelegraph

Futures Market Updates

BTC and ETH futures showed contrasting trends in open interest, with BTC declining slightly (-0.25%) while ETH increased (+0.82%). Trading volume dropped significantly for both, with ETH futures seeing a sharper decline (-27.07%) compared to BTC (-11.29%). Liquidations were higher for BTC shorts ($18.29M) than longs ($14.52M), whereas ETH saw more long liquidations ($13.48M) than shorts ($10.75M). The long/short ratio for BTC was nearly balanced at 50.14%/49.86%, while ETH had a slight short bias at 49.84%/50.16%. Funding rates remained positive but relatively low, with BTC (0.0032%) higher than ETH (0.0024%).

BTC Futures Updates

Total BTC Open Interest: $56.47B (-0.25%)

BTC Volume (24H): $76.76B (-11.29%)

BTC Liquidations (24H): $14.52M (Long)/$18.29M (Short)

Long/Short Ratio: 50.14%/49.86%

Funding Rate: 0.0032%

ETH Futures Updates

Total ETH Open Interest: $21.56B (+0.82%)

ETH Volume (24H): $27.40B (-27.07%)

ETH Liquidations (24H): $13.48M (Long)/$10.75M (Short)

Long/Short Ratio: 49.84%/50.16%

Funding Rate: 0.0024%

Top 3 OI Surges

MAVIA: $14.26M (+175.50%)

SWELL: $7.73M (+131.28%)

MOVE: $142.50M (+114.60%)

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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