HomeUncategorizedFTX Bitcoin stash worth same as Mt. Gox 840K BTC before hack By Cointelegraph

FTX Bitcoin stash worth same as Mt. Gox 840K BTC before hack By Cointelegraph

November 16, 2022

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FTX Bitcoin stash worth same as Mt. Gox 840K BTC before hack

If FTX is sparking new (BTC) bear market lows, BTC price action has further to fall to match Mt. Gox.

Data from on-chain analytics firm Glassnode confirms that the “Mt. Gox bear market” almost a decade ago still beats the 2022 lows.

% drawdown from all-time highs chart. Source: Glassnode
FTX Bitcoin balance chart. Source: CryptoQuant