This big coffee has new moves! Bitcoin cliff-type collapse market reappears

In recent days, several currency prices have generally rebounded. Bitcoin has also returned more than 9,000 U.S. dollars. However, investors may have to tighten their nerves! According to reports from foreign technology media, the bankruptcy trustee of the Mt. Gox website, known as the Bitcoin orca, has transferred 16,000 BTC and 16,000 BTC cash to two separate wallets, speculating that it may emerge in the coming weeks. Another wave of sell-off, fear of re-fall cliff-breaking market.

Mt. Gox was the world’s largest Bitcoin exchange four years ago. It was affected by a hacking and lost 850,000 Bitcoins. The market price was about US$500 million. Later, Mt. Gox declared bankruptcy. Kobayashi Shinsho was the bankruptcy trustee and liquidated the assets to repay the creditors. According to information released in March, he sold about 35,800 Bitcoin and 34,000 in the four months since last September. Bitcoin cash worth about 400 million U.S. dollars.

Bitcoin experienced an unprecedented collapse in the first quarter of this year, but Kobayashi stated that his transaction has nothing to do with the decline in prices. "The Next Web" reported that in recent days, Kobayashi Credit has transferred 16,000 Bitcoins and 16,000 Bitcoin cash to two separate wallets. One digital currency trader believes that this wallet seems to belong to a trading platform, which means the future. There may be another wave of sell-offs in a few weeks and investors need to be vigilant.

Kobayashi Noriaki currently owns a digital currency with a market value of approximately US$1.9 billion, including 163,300 bitcoins and about 197 million U.S. dollars worth of bitcoin cash. The assets may continue to be sold in the future and the proceeds will be distributed to creditors. Since Bitcoin, which has rebounded since April, has recently encountered pressure near 9,000 U.S. dollars, if these movements are true, it is probably the beginning of a wave of plunge.