Mt Gox, the failed Tokyo-based crypto exchange, is back in the news after on-chain data confirmed that it has moved 11,501.4 Bitcoins worth over $1 billion to its two crypto wallets.

Arkham Intelligence shared this latest information, which revealed that the once-popular crypto exchange moved over 11,000 Bitcoins on March 25th.

The analytics company stated that the exchange transferred 899 Bitcoin to a cold crypto wallet (1Jbez) and another 10,608 Bitcoins to another account (1DcoA). 

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Interestingly, the bankrupt exchange also sent 12,000 Bitcoins worth $1 billion last March 6th and 11,833 Bitcoins on March 11th. Arkham Intelligence confirms that the exchange still controls 35,000 Bitcoins worth more than $3 billion in different wallets.

BREAKING:

MT. GOX MOVES 11,501 $BTC WORTH $1 BILLION.

893 $BTC ($78.11M) TO THE HOT WALLET

10,608 $BTC ($927.48M) TO A CHANGE WALLET

SHOULD WE BE WORRIED? pic.twitter.com/RUAcQFYwqa

— Crypto Rover (@rovercrc) March 25, 2025

Mt. Gox Moves Another $1 Billion Worth Of Bitcoins

Mt. Gox is having a busy March after on-chain data suggest that the company has moved billions of Bitcoins. According to Arkham Intelligence, the crypto exchange has transferred over 11,000 Bitcoins in its third crypto transaction this March. After noting the transaction, the analytic firm instantly shared the news through its Twitter/X account.

In a post, the firm confirmed the transfer of 893 Bitcoins worth around $78 million to a Mt. Gox wallet. Then, the company transferred 10,608 Bitcoins valued at $929 million to another wallet.

Source: Arkham Intelligence

Spot On Chain Reveals Mt. Gox Previously Transferred Assets To Bitstamp

Spon On Chain also shared that one of Mt. Gox’s recent transfers targeted Bitstamp. The analytics firm noted that the 833.4 Bitcoins added to its Bitstamp account will be moved again. It said the exchange’s wallet (1PuQB) had transferred 12,000 Bitcoins valued at over $1 billion last March 6th.

Akrham also added that the crypto exchange transferred $15 million of the $1 billion fund to BitGo, one of its custodians handling creditor repayments. Mt. Gox also moved 166.5 Bitcoins valued at $15 million to its cold wallet, while the rest was transferred to an unidentified crypto wallet.

Mt. Gox was also active last March 11th, transferring 11,833 Bitcoins worth nearly $1 billion at current prices. Spot On Chain shared that the company started transferring its assets last June 2024, with the first tranche valued at $9.2 billion.

Mt. Gox Moving Its Bitcoins To Pay Creditors

Mt. Gox was once the top crypto exchange before it fell into bankruptcy in early 2024, losing 850,000 Bitcoins. At its peak, the crypto exchange handled 70 to 80% of the total crypto trade transactions.

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After its collapse in February 2014, a court appointed trustees to manage the company’s bankruptcy proceedings and plan its finances. According to a court agreement, Mt. Gox has until October 31st, 2025, to compensate the affected customers.

Featured image from Shutterstock, chart from TradingView

Bitcoin price started a fresh decline below the $88,000 support. BTC must stay above the $80,000 zone to avoid more losses in the near term.

• Bitcoin started a fresh decline from the $92,500 zone.
• The price is trading below $88,000 and the 100 hourly Simple moving average.
• There is a connecting bearish trend line forming with resistance at $86,150 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start another decline if it fails to stay above the $82,000 zone.

Bitcoin Price Dips Further

Bitcoin price failed to stay above the $92,500 level and started a fresh decline. BTC declined heavily below the $90,000 and $88,000 support levels.

The price even dived below the $85,000 level. It tested the $80,000 zone. A low was formed at $80,525 and the price is now consolidating losses. It is back above the $83,500 level and the 23.6% Fib retracement level of the downward move from the $89,203 swing high to the $80,525 low.

Bitcoin price is now trading below $85,200 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $85,000 level or the 50% Fib retracement level of the downward move from the $89,203 swing high to the $80,525 low.

The first key resistance is near the $85,500 level. There is also a connecting bearish trend line forming with resistance at $86,150 on the hourly chart of the BTC/USD pair.

The next key resistance could be $87,150. A close above the $87,150 resistance might send the price further higher. In the stated case, the price could rise and test the $88,500 resistance level. Any more gains might send the price toward the $90,000 level or even $90,500.

Another Drop In BTC?

If Bitcoin fails to rise above the $86,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $83,000 level. The first major support is near the $82,000 level.

The next support is now near the $81,200 zone. Any more losses might send the price toward the $80,000 support in the near term. The main support sits at $78,500.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $82,000, followed by $80,000.

Major Resistance Levels – $85,000 and $86,000.

Bitcoin price is struggling to clear the $100,000 resistance zone. BTC is again moving lower and might decline toward the $95,000 support.

• Bitcoin started a fresh decline from the $98,500 zone.
• The price is trading below $97,000 and the 100 hourly Simple moving average.
• There was a break below a major bullish trend line with support at $97,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start another increase if it stays above the $96,000 zone.

Bitcoin Price Dips Again

Bitcoin price remained in a range above the $95,000 support level. BTC started a decent increase above the $97,000 level, but it failed to clear the $98,800 resistance zone.

A high was formed at $98,826 and the price is now moving lower. There was a move below the $97,000 and $96,500 support levels. The price dipped below the 50% Fib retracement level of the upward move from the $95,352 swing low to the $98,826 high.

There was also a break below a major bullish trend line with support at $97,500 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading below $96,500 and the 100 hourly Simple moving average.

On the upside, immediate resistance is near the $96,800 level. The first key resistance is near the $97,000 level. The next key resistance could be $98,000. A close above the $98,000 resistance might send the price further higher. In the stated case, the price could rise and test the $98,800 resistance level. Any more gains might send the price toward the $100,000 level or even $100,500.

More Losses In BTC?

If Bitcoin fails to rise above the $97,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $96,150 level or the 76.4% Fib retracement level of the upward move from the $95,352 swing low to the $98,826 high. The first major support is near the $95,500 level.

The next support is now near the $95,000 zone. Any more losses might send the price toward the $93,500 support in the near term. The main support sits at $92,200.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $96,000, followed by $95,000.

Major Resistance Levels – $97,000 and $98,000.