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Arkham: Bitcoin crash risk due to Mt Gox repayments has now dropped to nearly 75%.
On-chain analytics platform Arkham Intelligence said on Saturday that the risk of a bitcoin crash due to Mt Gox repayments has now dropped to nearly 75%. As Mt Gox Trust started repaying bitcoin in July this year, institutional and retail investors have sold their bitcoin holdings due to fears of a sharp collapse in the bitcoin market. On August 24th, Arkham Intelligence confirmed that less than 25% of the BTC held in Mt. Gox's wallet is now less than 25% of its original holdings, according to A...
2024-08-24 15:24:04
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