The defunct crypto exchange, Mt. Gox, executed a major transfer on November 18, moving 10,608 BTC (valued at about $954 million) from a cold wallet to various new addresses, with 185 BTC routed to its hot wallet. This substantial movement is part of the ongoing process to prepare for creditor repayments, which have a Japanese court-confirmed deadline extension until October 31, 2025.
Despite the significant size of the transfer, the cryptocurrency market experienced an uncharacteristic lack of volatility, with Bitcoin spot prices remaining largely stable. This contrasts sharply with previous Mt. Gox asset movements that often triggered market apprehension.
According to an anonymous crypto expert, this subdued response suggests a “changing sentiment” among investors regarding the liquidation process. The market calmness is attributed to the fact that the BTC was moved internally rather than immediately liquidated or transferred to active exchanges.
November 2025, Cryptoniteuae
