Founder of Capriole Investments: Large-scale on-chain transfers of Bitcoin occur, Mt. Gox may have started creditor repayments.

according to Cointelegraph, Charles Edwards, founder of the digital asset hedge fund Capriole Investments, pointed out in a tweet on July 2 that there has been a massive on-chain transfer of unused Bitcoin from the past 7 to 10 years, with a volume 10 times higher than previous peaks, suggesting that Mt. Gox may have started distributing these Bitcoins.

The price of Bitcoin fell below the psychological threshold of $60,000 on July 3, dropping 4.2% within 24 hours, reaching a low of $59,600. According to CoinMarketCap data, Bitcoin has decreased by 1.8% this week and has fallen nearly 18% since June. This decline may be related to Mt. Gox beginning to repay $9 billion worth of Bitcoin.