Mt. Gox Transfers $956 Million in Bitcoin Amid Market Downturn

Bankrupt cryptocurrency exchange Mt. Gox has moved approximately $956 million worth of Bitcoin to an unknown wallet as BTC prices experience significant declines. This major transfer from the defunct exchange's cold wallets has raised concerns among investors about potential market sell pressure. The timing coincides with Bitcoin's price dropping below key support levels, creating uncertainty in the crypto market about the destination and purpose of these substantial BTC movements.