This is a site set up by Matt Odell to track the remaining 162K of Bitcoins in 84 wallets under the control of the Mt Gox Bankruptcy Trustee, and to send an alert if any of the Bitcoins in these wallets are moved - https://goo.gl/eUUHbx - Scroll up to see the background to this, with 40K of Mt Gox Bitcoins having been thawed out of cold storage wallets and moved to exchanges in 5 stages from Dec to Feb with a reported 35,841 BTC sold for $362 mil for Mt Gox creditors (and the rest presumably sold for legal costs) - and a chart of the BTC price from Dec to now showing the falls in the BTC price each of the 5 times the Bitcoins were moved from Mt Gox wallets, culminating in the fall to $6K on Feb 6 the day after the biggest transfer of 18K Bitcoin on Feb 5!
Will the Trustee sell anymore Bitcoin? And looking at the falls in BTC price from its peak of 19K to the nadir of 6K coinciding with the 5 moves of Mt Gox Bitcoins to exchanges from December to February, will the BTC price fall if he does - or is that a coincidence? Either way the BTC hedge funds and whales are likely to short BTC as soon as the Trustee thaws any more BTC from these cold wallets, and being alerted to such a move may be important information. And I’ve never known a bankruptcy receiver that sits on a realisable asset!
Something overhanging the market to contemplate along with TA perhaps ...
Will the Trustee sell anymore Bitcoin? And looking at the falls in BTC price from its peak of 19K to the nadir of 6K coinciding with the 5 moves of Mt Gox Bitcoins to exchanges from December to February, will the BTC price fall if he does - or is that a coincidence? Either way the BTC hedge funds and whales are likely to short BTC as soon as the Trustee thaws any more BTC from these cold wallets, and being alerted to such a move may be important information. And I’ve never known a bankruptcy receiver that sits on a realisable asset!
Something overhanging the market to contemplate along with TA perhaps ...
Thanks for this, might come in handy.
They should have just auctioned the btc instead of dumping it on the market like this.