On July 4, a bitcoin wallet linked to the German Federal Criminal Police Office (BKA) transferred 1300 BTC (~$75.5 million) to centralized exchanges, according to Arkham data.
Data: Arkham.Of the total amount, the German authorities each sent 400 BTC to Coinbase and Kraken, and 500 BTC to Bitstamp.
Another transfer of 1,700 BTC was made to an unidentified address by experts. He has already been involved in transactions before.
Initially, 50,000 BTC were stored on the BKA wallet, confiscated by law enforcement officers in January from the administrators of the pirate movie site Movie2k.
On June 19, the authorities began to move assets, some of which had already entered the stock exchanges. In addition to Coinbase, Kraken and Bitstamp, Arkham experts noted the Flow Traders market maker as the recipients of transactions.
At the time of writing, the BKA bitcoin address contains 40,359 BTC worth ~$2.33 billion.
On July 4, users also noted, probably, test transactions from Mt.Gox wallets.
Mt Gox activating their wallets finally for repayments. Stay safe $BTC pic.twitter.com/SjST18kgoP
— Block_Diversity v.8 ™️ (@i_bot404) July 4, 2024The trustee of the exchange, which went bankrupt in 2014, previously announced plans to begin phasing out refunds to users of 137,000 BTC at the beginning of the month.
This factor, along with the distribution of digital gold by the German and US authorities, could cause a nervous market reaction. The price of bitcoin fell below $58,000. Some experts have allowed a further correction to the $40,000 mark.
The BTC/USDT hourly chart of the Binance exchange. Data: TradingView.Recall that in June, JPMorgan analysts warned of possible pressure on the Mt.Gox bitcoin distribution market. However, Swan Bitcoin admitted that the impact of potential sales of digital gold by the exchange's creditors was exaggerated.