A wallet linked to Mt. Gox transferred 27,871 Bitcoin, valued at approximately $2.8 billion, but the market responded with little volatility. Traditionally, such large movements cause price declines, but analysts indicate a shift in trader sentiment. Presto Labs' Min Jung noted that this event was met with relative silence and suggested that the bullish sentiment among investors remains strong despite the transfer occurring outside U.S. trading hours. Analysts like Vincent Liu from Kronos Research observed that Bitcoin's behavior after this transfer indicates market resilience and maturity as it pushes above $100,000.

Source 🔗