Mt. Gox Transfers 116.3 BTC to Bitstamp Amid $739M Transactions
- Transfer Details: On June 4, 2026, Mt. Gox transferred 116.3 BTC to Bitstamp, valued at approximately $8.16 million, marking the latest development in a series of wallet moves as part of creditor repayment preparations.
- Large Transfer Impact: Earlier that week, Mt. Gox shifted an additional 10,422 BTC worth about $739 million, with most sent to a newly created wallet address, indicating potential preparations for liquidating cryptocurrencies for fiat.
- Market Reaction: On the day of the transfer, Bitcoin's price dipped below $62,000 before recovering above $64,000, with market watchers suggesting that Mt. Gox's on-chain activity may have exerted downward pressure on prices, although analysts note that transfers to exchanges do not always indicate immediate selling.
- Repayment Deadline Extended: The final deadline for repayments to Mt. Gox creditors has been extended to October 31, 2026, marking the third postponement, with most eligible creditors having received payments, while some await disbursement due to documentation or administrative delays.
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Technical Analysis for BCH
Technical Sentiment Analysis for Bitcoin Cash (BCH). As of , Bitcoin Cash (BCH) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BCH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BCH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin Cash (BCH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 89.24 | 144.17 | 198.34 | 253.27 | 307.44 | 362.37 | 416.54 |
| Fibonacci | 144.17 | 185.846 | 211.594 | 253.27 | 294.946 | 320.694 | 362.37 |
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