Will Mt. Gox Bitcoin recipients HODL or fold?

Early signs suggest that Mt. Gox users are opting to hold their recovered Bitcoin.

Author

Stephen Graves
July 25, 2024

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📝 What you need to know

Users of collapsed Bitcoin exchange Mt. Gox are finally receiving their BTC repayments after a decade, and early signs suggest that users are opting to hold onto their recovered coins rather than cashing in.

Users are reportedly withdrawing BTC off exchanges and moving them to cold wallet storage, mitigating against potential price drops.

That said, having so much BTC on the move is bound to have some impact, and true to form the price of Bitcoin dipped Thursday, triggering some $250 million in liquidations.

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