Mt.Gox Transfers $2.5 Billion More Bitcoin: Arkham Update

Following the move bitcoin price dropped below $65,656, down 1.13% on Wednesday at press time.  Bitcoin’s price is struggling to surpass the $70,000 mark.

Creditors Choose to HODL

Despite the ongoing distribution, a significant portion of creditors are opting to HODL their Bitcoin, a crypto slang term that signifies buying and holding indefinitely.

Mt. Gox Collapse Leads to Years of Legal Battles

The repayments are being conducted after a decade since the exchange collapsed.  The collapse of Mt. Gox triggered years of legal proceedings and efforts to recover the lost assets.

From a psychological perspective, this represents the final chapter in a major market overhang over the industry since 2013, notes Glassnode.

Where & How To Buy Bitcoin (BTC)?

If you want to buy Bitcoin, you can easily start by creating an account with BTCC, one of the longest-running exchange in the world. As a old exchange enjoy good reputation, BTCC is more reliable with no reported hacks or security breaches to date.

BTC USDT-margined perpetual futures contract with a leverage of up to 500x is available on BTCC, you can buy BTC anytime on BTCC at the lowest price and highest security.

BTCC is among the best and safest platforms to buy Bitcoin(BTC). The reasons why we introduce BTCC for you set forth as below:

• Industry-leading security
• High Liquidity & Volume
• Extremely low fees
• High and rich bonus
• Excellent customer service

The following sets forth the guidance for buying BTC on cryptocurrency exchange BTCC:

Step One: go to the BTCC homepage and log in to your BTCC account. If you do not have an account, you need to register first.

Step Two: on the BTCC official homepage, choose “Deposite” > “Fiat Deposit”, and then fund your account.

Step Three: go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”, and find BTC/USD trading pair.

You can also directly click the button below to enter the BTC order page.

Step Four: choose the contract trading order type. BTCC contract orders are divided into market orders, limit orders and SL/TP orders.

• Market Order: users place orders at the best price in the current market to achieve fast trading.
• Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
• SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.

Step Five: adjust the leverage multiple.

Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.

Step Six: choose the lot size and set the SL/TP price .

Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.

Step Eight: click the buy or sell button, and BTC futures contract order is completed.

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