Bitcoin Falls To $61,300 Amid Mt. Gox Transfers and ETF Outflows

Key facts

• Bitcoin price fell to approximately $61,300.
• Mt. Gox transferred 116.3 BTC to Bitstamp as part of creditor repayments.
• Bitcoin ETFs have seen persistent outflows.
• Significant HYPE token withdrawals from Kraken and Coinbase were observed.

Bitcoin's price declined to approximately $61,300, with concerns mounting over potential selloffs due to ongoing transfers from Mt. Gox and persistent outflows from Bitcoin ETFs. The defunct exchange moved 116.3 BTC, valued at $8.16 million, to Bitstamp as part of its creditor repayment process, which has a deadline of October 31, 2026. This follows an earlier transfer of 10,422.65 BTC ($739 million). Separately, the HYPE token saw significant activity, with large withdrawals from Kraken and Coinbase being staked, suggesting accumulation despite market conditions.