Mt. Gox $1B Bitcoin Transfer Sparks Fears of Sell-Offs: Will BTC Keep Bullish Momentum?

Mt. Gox, the old crypto exchange that once ruled the Bitcoin landscape, made headlines again with a massive 11,501.4 BTC transfer worth over $1 billion on March 25th.

This is the third big Bitcoin transfer from the exchange this month and has traders worried about sell-offs. With over 35,000 BTC still in Mt. Gox’s hands, more transfers could mean more volatility. This is part of the long-awaited Mt. Gox repayment program that’s set to be completed by October 31, 2025.

Is Mt. Gox Selling BTC?

Speculation is growing that Mt. Gox will soon liquidate some of its Bitcoin. On-chain data from Arkham Intelligence shows 899 BTC was sent to a cold wallet and 10,608 BTC was transferred to an unknown address. Some sources say a portion of those coins will end up at Bitstamp, which means sales in the market. With Bitcoin’s price near key resistance, traders are watching for signs of a sell-off that could break the current bullish trend.

• Mt. Gox Bitcoin Transfers:

  • 11,501.4 BTC on March 25th

  • Total BTC held by Mt. Gox: Over 35,000

  • Impact: Volatility if liquidated

Creditors Wait for Bitcoin Repayments Amid Uncertainty

The Mt. Gox repayment program has been delayed for years and is finally nearing completion. Some Bitcoin has already been deposited with custodians like BitGo, which means creditors will soon get their lost funds back. But the risk of large liquidations is still there. If a big chunk of the 35,000 BTC is sold, it could mean big price movements. The market’s reaction to these transactions will be key to Bitcoin’s near-term price.

• Mt. Gox Repayment Timeline:

  • Deadline: October 31, 2025

  • Outcome: Big BTC sales could impact prices

Bitcoin’s Price Action: Will Bullish Momentum Sustain?

Despite the Mt. Gox uncertainty, Bitcoin is showing strength. On March 25th, after a brief dip, Bitcoin reversed and went bullish. The RSI and MACD were buying and BTC broke through resistance. But Bitcoin has struggled to sustain its momentum with occasional pullbacks as sell-side pressure mounted. The key resistance is at $88,250 and support is at $86,600. The next few days will be telling if Bitcoin can break through this resistance or more volatility is ahead.

• Bitcoin’s Key Price Levels:

  • Resistance: $88,250

  • Support: $86,600

  • Current trend: Bullish with occasional pullbacks

As Bitcoin approaches these levels, traders should be aware and watch key technicals for clues. The next few weeks will be important to see if the bullish trend continues or market sentiment shifts to more volatility.