Looks like Mt. Gox is making headlines again! According to Arkham analysts, the defunct crypto exchange just shifted a massive 11,501 BTC—worth over $1 billion—to two different wallets. Out of that, 10,608 BTC landed in a fresh wallet, while 893 BTC was sent straight to Kraken. This big move went down in the early hours of March 25, 2025.

Now, here’s where things get interesting: no one knows for sure if this transfer is tied to the long-awaited repayments to Mt. Gox creditors. But if history’s any clue, these kinds of large BTC movements have often come before major payouts through platforms like Bitstamp and Kraken. Could this be the calm before the storm?

Crypto analytics firm Alva weighed in, warning that this shift could shake up the market. Their experts said:

“Bearish vibes are creeping in. Moving funds to a new wallet suggests a possible sell-off, which could increase Bitcoin’s supply and put downward pressure on prices. If these funds end up in a hot wallet, expect even more market jitters.”

At the time of writing, Bitcoin is hovering around $86,300—but who knows where it’ll go from here?

For context, Mt. Gox previously moved 11,833 BTC (worth $931 million) to two wallets on March 11, 2025. So, yeah—something big might be brewing.