Mt.Gox moves more than $700 million worth of Bitcoin

Mt.Gox recently moved more than 13,000 Bitcoin, this is the largest transfer since late July. This may indicate that more payouts to creditors are coming soon.

Mt.Gox went bankrupt in 2014 after a major hack in which 850,000 Bitcoin were stolen. The bankruptcy process took a long time, but payouts to creditors began a few weeks ago. The total amount involved is 142,000 Bitcoin. According to CryptoQuant, about 68 percent of the money has now been paid out, with about 46,000 Bitcoin left to go.

Because Bitcoin's value has skyrocketed since the stock market crash, many market experts expected big sales to take place. However, recent research by Glassnode shows that profit-taking has not taken place so far.