A dormant Bitcoin stash tied to Mt. Gox addresses has been moved to Binance, raising concerns over the potential market impact as old coins become accessible for sale.
An early Bitcoin investor has moved 300 BTC, worth about $33.47 million, to Binance, marking the first transaction of its kind since a 749 BTC withdrawal from Mt. Gox 13 years ago. The move has sparked concerns about potential market pressure, as these funds were previously dormant.