Explosion! Mt. Gox awakes after 6 months of inactivity, dumping 10,000 BTC onto the market, with $2.4 billion in selling pressure looming!

The former crypto “ghost” — Mt. Gox, the legendary exchange that collapsed in 2014 due to a hacker attack, losing 140,000 BTC and creating the biggest bankruptcy in crypto history, has suddenly awakened after 6 months. According to AiCoin citing Arkham on-chain monitoring, the Mt. Gox cold wallet has just transferred 10,422.65 BTC, worth about $739 million. The vast majority was sent to a new address, with only 116.30 routed to a known hot wallet. On-chain data does not yet show actual selling, but market sentiment has been completely ignited — the creditor repayment deadline has been extended to October 31, 2026, and there are still 35,000 BTC, about $2.4 billion, awaiting distribution, which equals 0.17% of BTC’s circulating supply. Not only BTC is affected: ETH has simultaneously fallen below $1,900, with a 24H decline of over 6%. The largest long position on Hyperliquid has an unrealized loss of $58 million, with 120,000 ETH long holders floating a loss of $46.01 million, and a liquidation domino effect could be imminent. 【Where is the market looking】 ✅ The RWA sector is rising against the trend as a safe haven; ✅ HYPE (Hyperliquid’s token) has surpassed SOL to reach a new all-time high, and capital is quickly flowing into the DeFi derivatives sector; ✅ Stablecoins USDC/USDT are benefiting from panic buying; ✅ Solana has dropped to its lowest level since 2023, but ETF net inflows are against the trend, creating a potential rebound opportunity.