Mt. Gox, the bankrupt cryptocurrency exchange, continues its third major Bitcoin [BTC] transfer in less than a month. Records from Arkham Intelligence show 11,501 Bitcoins moved from Mt. Gox to other wallets on March 25.

This action brought fresh attention to how the exchange handles its assets. According to Arkham Intelligence, 893 BTC with the market value of $78 million entered the Mt. Gox cold wallet and the remaining 10,608 BTC totaling $929 million were routed to the exchange”s change wallet.

These recent BTC moves join two previous movements on March 6 and March 11, making creditors wonder how Mt. Gox handles its assets while they keep waiting for payments.

Mt. Gox Bitcoin Transfers Spark Liquidation Fears

Spot On Chain shared on X (Twitter) that part of Bitcoin funds transferred by Mt. Gox in March ended up being deposited to Bitstamp. Many experts now expect the 893 BTC shifted into the new wallet this time, following the same path towards being sold off.

Professional observers believe Mt. Gox sends Bitcoin to fulfillment of debt requirements as its liquidation plan continues. Despite holding 35,000 BTC worth $3.1 billion per Arkham Intelligence data, the exchange operates with these assets. Everyone in the market stays watchful for the next Bitcoin price shifts.

After these transactions Bitcoin moved sharply in value. During March 24, BTC hit the $88,772 peak on Bitstamp but fell 3% the next day. Experts link the downward Bitcoin price movement to the latest Mt. Gox network transactions as they increased trading pressure in the market.

Bitcoin Declines 0.43% in Quiet Trading

Bitcoin reacts to both micro payments between investors and major economic developments outside Bitcoin. Early trading in U.S. stock market futures shows a weak market moment, which makes Bitcoin prices move in a quiet direction.

Bitcoin shows a small 0.43% daily decrease with its current trading price at $86,624.27 as CoinMarketCap marks.

Mt. Gox Transfers Over $900M in Bitcoin Amid Market Volatility

Bitcoin’s current trend shows differing evidence about its short-term price potential. The MACD continues above the signal line while showing positive momentum in the form of green histograms for buying pressure.

RSI stands at 50 and declines further which indicates diminishing force behind buying activity. Sometime during ongoing sales the bear market participants may reassert their control of Bitcoin”s price movement.