Analysis: Mt.Gox cold wallet has completed all Bitcoin transfers, or it may be a consolidation before being transferred to the creditor custodian

CryptoQuant researcher Axler Adler Jr stated on the X platform that "all funds in the Mt.Gox cold wallet have been transferred to a new wallet: 1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6, and the current balance of the 1JbezD wallet is 141,000 BTC."Alex Thorn, head of research at Galaxy Digital, believes that most Bitcoin will be held rather than immediately sold. Thorn said, "I personally expect most bitcoin to be held, but I can't say the same for BCH (Bitcoin Cash)." Thorn believes this is a consolidation before transferring to the custodian: "All funds have been transferred to the 1Jbez…APs6 address. This may be a consolidation before transferring to the creditors' custodians (BitGo, Kraken, Bitstamp)." The trustee responsible for overseeing the bitcoin repayment process of the bankrupt exchange has extended the repayment deadline to October 2024. This move is crucial for creditors who have been waiting for compensation for nearly a decade. The news of a large amount of bitcoin transfer has had an impact on the market, and the price of bitcoin once fell to about $67,485 today.