Mt. Gox Transfers Over 10,000 BTC: Market Jitters Rise Amidst Creditor Repayments

A significant transfer of over 10,422 Bitcoin from the defunct Mt. Gox exchange has sent ripples through the cryptocurrency market. This move comes amidst a delay in creditor repayments and has ignited concerns about potential sell pressure on Bitcoin. The first major transaction in eight months, it highlights anxieties surrounding the eventual distribution of assets to creditors. While no BTC liquidation occurred, the transfer has sparked worry as market participants watch for any signs of these coins being deposited on exchanges.