Selling-Pressure

Economist Peter Schiff warns that Bitcoin is transitioning from strong hands to weak hands as early adopters cash out, potentially leading to larger future sell-offs.

The defunct crypto exchange Mt. Gox transferred 10,600 BTC (€1 billion), sparking concerns of a market dump. However, analysts note the move was internal and the extended repayment timeline suggests a slow, controlled process, limiting immediate market impact.