Monitor the Mt Gox Selloff
Many speculate the Mt. Gox Selloff is fueling the latest bitcoin price drop. That may or may not be true. As you know, 16,000 BTC and 16,000 BCH were transferred from the Mt. Gox account to a private BTC and BCH wallet. Here are the relevant addresses to monitor so you can make up your own mind as to whether or not this sell off correlates with the price drop.
If you'd like to follow the script that's monitoring the remaining Mt. Gox Bitcoins, it can be found here: https://www.cryptoground.com/mtgox-cold-wallet-monitor/
If you'd like to monitor the address the 16,000 Bitcoins were transferred to, it can be found here: https://blockchain.info/address/14LuAvrRzAmeikgaafs7H5695xs5dVXqA5
If you'd like to monitor the address the 16,000 Bitcoin Cash were transferred to, it can be found here:
https://explorer.bitcoin.com/bch/address/1K3RsYNFgYA5p2MMzZ4fT6XEYPV7N3NJMD
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Great data you provide! whatever the actual weight, Mt.Gox might have influenced the down move
Thanks. I think this latest drop is a combination of Mt. Gox, the SEC security issue, the raid on the UPbit exchange and people like Warren Buffet and Bill Gates spreading FUD. These drops usually come in 3's. We had the first major drop down to around $5,800, the second down to around $6,500 and now a possible third down to who knows where. I think a drop down to $4K-$5K would actually be healthy...but I'm in the minority.
I see, you're anticipating another (final?) sell off, hadn't that on radar anymore. Certainly not the dumbest consideration given overall sentiment rather bring positive (and maybe not founded in the fundamentals) will add that to further consideration...
I'm not there yet, but it's certainly a possibility.
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