Will Mt Gox’s First BTC Movement in 8 Months Add to Bitcoin’s Selling Pressure?

Bitcoin (BTC) has been under a lot of pressure recently, with its price dropping to levels not seen since mid-April 2025. Amid the persistent negative trend, one of the largest holders of BTC had executed a major transfer that is capable of shaking the market further.

According to a tweet by Lookonchain, the estate trustee of the defunct cryptocurrency exchange Mt. Gox has moved approximately $1 billion in BTC within the last 24 hours. With the market already bleeding, the latest Mt. Gox transfer raises the question of whether BTC will buckle under intensifying selling pressure and decline further.