🚨Movements related to Mt. Gox increase Bitcoin market volatility 📉. More than 1,300 BTC, equivalent to approximately US$ 114 million, have been transferred from addresses linked to Aleksey Bilyuchenko, the hacker associated with the collapse of the Mt. Gox exchange.
*Incident details:*
- Wallets associated with Bilyuchenko have systematically funneled around 2,300 BTC to unidentified exchanges
- He still holds about 4,100 BTC under his control, an amount equivalent to around US$ 360 million
- Movements are part of a deliberate and structured selling pattern to minimize the direct impact on price
*Market impact:*
- Selling pressure is being felt in a market that is already experiencing significant capital outflows
- BTC price has surpassed the level of US$ 87.000, deepening seasonal weakness
- Outflows of nearly US$ 650 million and a contraction of approximately US$ 3 billion in the volume of open perpetual contracts
*Outlook:*
- The market remains on alert for the possibility of new waves of selling
- The consolidation and volatility phase may extend until early 2026
- Monitoring of these addresses and the reaction of large investors are key factors to anticipate the next BTC cycle