MTGox's Fluctuates Created in the Market

I also want to talk about an event that has been on the agenda lately. The investigation, which was stolen from the MTGox stock market and extended to its officers after the FBI operation, seized Bitcoin of around 200,000. It is known that the resulting 200,000 Bitcoins have been ruled by the US-appointed judicial trustee. And there is a fairly turbulent process with rumors that this judicial trustee trades on small or large stock market exchanges at certain intervals. As of today, it can be observed that the number of bitcoins has fallen to around 137,000. And now those who follow the market have seen how all the red colors cover the graphics. The fact that these Bitcoins have been sold and distributed to victims of the MTGox incident of around $ 400, and the remaining crypto money has been transferred to the fund under management trustee assigned by the US government has caused a great distrust in the crypto markets.

Instead of the takeover of Bitcoins directly to the victims of stolen, this tricky and unfair policy is officially overtaken by the United States. I think this situation will trigger processes that may cause stocks and investors to make radical decisions on Bitcoin in the coming periods. A more annoying aspect of the event is that Bitcoin Cash must be kept in the hands of the officers as well as the number of Bitcoins. So they can dominate the market twice. I think that the biggest reason why the market's rising received a blow and the crypto market can't be recovered is MTGox's judicial trustee.

On May 10, the balance of account dropped from 142,000 to around 137,000, this was a detail of the sale confirming. Well, this isn’t so much of a reason why these figures caused so much panic in the market. My guess is that investors who do not expect to face such high volumes of sales need to make a sales decision urgently to avoid losing the amount of fund reaching a certain level of earnings on their hands when the high sales figures are seen in the stock market. And then, as we all know, the crowd sales are following each other. The events that we are currently pursuing and continue to follow are raising some questions in our minds. Could it be a sign that they aren’t in the desire to break down this developing market, waiting for the market to recover itself when they have the ability to collapse the entire market by selling all amount of Bitcoin in the cold wallet that they controlled? Or could it be a more sensible strategy to open up the market by selling these Bitcoins through the auctioning method of investors who would really like to buy instead of locking the market by selling on the stock market?

I think we can see all of them waiting. One of the many questions that remain unanswered is how long this process will take place. I hope we can get our answers shortly.

MTGox Cold Wallet Monitor: https://www.cryptoground.com/mtgox-cold-wallet-monitor/

https://www.coindesk.com/140-million-bitcoin-moved-mt-gox-wallets/