⚠️ Mt. Gox has moved $739M in native bitcoin on-chain — one of the largest single transfers from the defunct exchange's estate in recent months, flagged by Arkham. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: Mt. Gox movements are always market-sensitive. $739M represents a significant potential supply overhang — whether this is preparatory to creditor distributions, exchange transfers for liquidation, or internal restructuring, the market will price in the risk of eventual sell pressure. Combined with the current record ETF outflow streaks (BTC 11 days, ETH 15 days), this adds another layer of supply-side uncertainty. Watch for follow-on transactions: a single move could be administrative, but a pattern of transfers toward exchanges would signal imminent distribution pressure. BTC under dual supply pressure — ETF outflows plus potential Mt. Gox distributions. No reversal signal until inflows resume and on-chain flows stabilize. Verify on-chain: https://intel.arkm.com/explorer/entity/mt-gox --source: https://x.com/arkham/status/2061673833913106934 Track real-time signals & trade → https://hupzy.com/trending(Hupzy (Spot On Chain))