Blow it up! Mt. Gox has been dormant for 6 months and suddenly awakened, with 10000 BTC hitting the market and $2.4 billion selling pressure hanging at the top!

The former ghost of the cryptocurrency industry - Mt. Gox, the legendary exchange that collapsed in 2014 due to a hacker attack and lost 140000 BTC, creating the largest bankruptcy case in cryptocurrency history, suddenly woke up after six months. According to AiCoin citing Arkham on chain monitoring, Mt. Gox cold wallet has just transferred 10422.65 BTC worth approximately $739 million. The vast majority of them were sent to a new address, with only 116.30 routed to known hot wallets. On chain data has not yet shown actual selling, but market sentiment has been completely ignited - the deadline for creditor repayment has been extended to October 31, 2026, and there are still 35000 BTC, approximately $2.4 billion, waiting to be distributed, equivalent to 0.17% of BTC circulation. Not only BTC is affected: ETH synchronously fell below $1900, with a 24-hour drop of over 6%; The maximum bullish float loss on Hyperliquid is $58 million, and the bullish float loss on 120000 ETH is $46.01 million. The liquidation domino is about to explode. Where do you turn your gaze ✅ RWA sector strengthens against the trend to avoid risks; ✅ HYPE (Hyperliquid Token) has surpassed SOL to reach a new historical high, and funds from the DeFi derivatives track are accelerating their inflow; ✅ Stablecoins USDC/USDT benefit from panic buying; ✅ Solana has fallen to its lowest level since 2023, but ETFs are experiencing net inflows against the trend, creating opportunities for a rebound. Risk Warning: The market fluctuates greatly, and this article is only for market information sharing and does not constitute any investment advice.