Mt. Gox 開始向債權人支付比特幣，市場影響不確定

比特幣價格繼昨天觸及 70,600 美元附近的短暫高峰後，今天下跌 1.5%，跌破 68,000 美元大關。

The price of Bitcoin dropped by 1.5% on Sunday, falling below the $68,000 mark after briefly reaching a high of $70,600 the previous day. This decline comes as Mt. Gox, the once-dominant bitcoin exchange that collapsed in 2014, has begun processing payouts to its long-awaiting creditors, according to multiple reports.

比特幣價格週日下跌 1.5%，在前一天短暫觸及 70,600 美元高點後跌破 68,000 美元大關。據多份報導稱，比特幣價格下跌之際，曾經佔據主導地位的比特幣交易所 Mt. Gox 已於 2014 年倒閉，目前已開始向等待已久的債權人支付款項。

This release involves approximately 75,000 Bitcoins, currently valued at over $5.1 billion, sparking concerns about the potential impact on market liquidity and price stability.

此次發行涉及約 75,000 個比特幣，目前價值超過 51 億美元，引發了人們對市場流動性和價格穩定性潛在影響的擔憂。

Head of research at Galaxy, a leading firm in the cryptocurrency sector, Alex Thorn provided real-time updates via Twitter on the movements of Bitcoin related to the Mt. Gox payouts. Initially, Thorn reported the transfer of approximately 25,000 BTC.

加密貨幣領域領先公司 Galaxy 的研究主管 Alex Thorn 透過 Twitter 提供了與 Mt. Gox 支付相關的比特幣走勢的即時更新。最初，Thorn 報告轉移了約 25,000 BTC。

“About 25K BTC from Mt. Gox has moved in the last hour, likely the beginning of distributions to creditors. […] I personally expect most BTC gets hodl’d, but I can’t say the same for the BCH,” Thorn commented, indicating a differentiated impact on Bitcoin versus Bitcoin Cash.

「過去一小時內，來自 Mt. Gox 的約 25,000 枚 BTC 已轉移，這可能是向債權人分配的開始。 […] 我個人預計大多數 BTC 都會被持有，但我不能對 BCH 說同樣的話，」Thorn 評論道，這表明對比特幣與比特幣現金的影響有所不同。

Shortly after, the movements escalated rapidly, with Thorn’s updates continuing: “16.5K BTC just moved, totaling 42.9K BTC so far tonight BTC) Another 32.1k BTC just moved. Total is now 75k BTC so far tonight ($5.1bn). All moved to the 1Jbez…APs6 address. Maybe a consolidation before moving to the creditor custodians (bitgo, kraken, bitstamp).”

不久之後，波動迅速升級，Thorn 繼續更新：「16.5K BTC 剛剛移動，今晚到目前為止總計 42.9K BTC BTC）另外 32.1k BTC 剛剛移動。今晚到目前為止，比特幣總量已達 75,000 枚（51 億美元）。全部移至 1Jbez…APs6 位址。也許在轉向債權人託管人（bitgo、kraken、bitstamp）之前進行整合。

The potential market impact of these large bitcoin movements has been a topic of much speculation. General partner at Castle Island VC, Matt Walsh, discussed the strategic purchases of Mt. Gox claims.

這些比特幣大幅波動的潛在市場影響一直是人們猜測的話題。 Castle Island VC 的普通合夥人 Matt Walsh 討論了對 Mt. Gox 債權的策略性收購。

“Lot of SPV capital buying claims with the intent on hodling the BTC (in-kind distribution mechanism). Agree with your take on the B-cash. Still, my back of the napkin math still has about 65K BTC set to be delivered to individual creditors,” Walsh stated.

「許多 SPV 資本購買聲稱意圖持有 BTC（實體分配機制）。同意你對 B-cash 的看法。儘管如此，根據我的計算，仍有大約 65,000 比特幣將交付給個人債權人，」沃爾什表示。

Responding to Walsh, Thorn pointed out the speculative nature of these estimates. “Several assumptions in that number though,” he noted, implying the difficulty in predicting exact market outcomes from these distributions.

索恩在回應沃爾什時指出了這些估計的推測性質。他指出：「儘管這個數字有幾個假設，」這意味著很難從這些分佈中預測準確的市場結果。

The behavior of creditors receiving these payouts is also under scrutiny. X user Dickie Emerson argued against the assumption that most would hold onto their Bitcoin.

接受這些付款的債權人的行為也受到審查。 X 用戶 Dickie Emerson 反對大多數人會持有比特幣的假設。

“No clue why you think most BTC gets held. These were forced hodlers. They will get a major payday that they would have likely not received had it never been locked (they would have sold by now).”

「不知道為什麼你認為大多數比特幣都被持有。這些人是被迫持有者。他們將獲得一個重要的發薪日，如果它從未被鎖定，他們可能不會收到（他們現在已經賣掉了）。

In defense of his earlier statement, Thorn elaborated on why some creditors might choose not to sell their bitcoins immediately.

為了捍衛他先前的聲明，索恩詳細解釋了為什麼一些債權人可能會選擇不立即出售他們的比特幣。

“There are some reasons to believe they will hodl. Noteworthy long termers make up a lot of creditors. Getting a huge payday in dollar terms (cap gains) but also only a 15% recovery in BTC terms.”

「有一些理由相信他們會持有。值得注意的長期投資者構成了許多債權人。以美元計算獲得巨額收益（上限收益），但以 BTC 計算也僅實現 15% 的復甦。

Thorn also remarked that many creditors were offered to sell their claims and refused, signaling their intent to hodl these coins instead.

索恩還表示，許多債權人被提議出售其債權，但遭到拒絕，這表明他們打算轉而持有這些代幣。

“And average individual creditor only getting back about 3.23 BTC. Would you dump 3 BTC now? Or hodl for higher? Lots of speculation here on my part no doubt. Even a small percentage of it selling could move the market also,” Thorn added.

「平均個人債權人只能拿回約 3.23 BTC。你現在願意拋售 3 BTC 嗎？或持有更高的價格？毫無疑問，我這裡有很多猜測。即使是一小部分的銷售也可能會影響市場，」索恩補充道。

Confirmation From On-Chain Analysis

鏈上分析的確認

Supporting the observations of large-scale movements, James “Checkmatey” Check, a highly regarded on-chain analyst, confirmed the unfolding events.

備受推崇的鏈上分析師 James “Checkmatey” Check 證實了正在發生的事件，這支持了對大規模運動的觀察。

“Finally, Mt Gox distributions appear to be underway. Around 42.9k BTC on the move as we speak, worth around $2.94B. Congrats to the creditors, it must be a relief and a half to get these coins back. What a saga.”

「最後，Mt Gox 的分發似乎正在進行中。正如我們所說，大約 42.9k BTC 正在流動，價值約為 $2.94B。恭喜債主了，能把這些幣拿回來，一定是鬆了一口氣。多麼傳奇啊。

Julio Moreno, head of research at CryptoQuant, also verified these transfers. “Outflows from Mt. Gox addresses continue: Now a total of 42,829 Bitcoin have moved out from Mt. Gox addresses in the last few hours. All coins have been transferred to a new address: 1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6.”

CryptoQuant 研究主管 Julio Moreno 也驗證了這些轉帳。 「Mt.Gox 地址的流出仍在繼續：現在，過去幾個小時內共有 42,829 個比特幣從 Mt.Gox 地址流出。所有硬幣已轉移到新地址：1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6。

The recent developments mark a significant milestone in the long saga of Mt. Gox, which once handled 70% of all Bitcoin transactions before its collapse in 2014. The exchange’s downfall began when it halted withdrawals due to security breaches that led to the loss of approximately 800,000 bitcoins.

最近的事態發展標誌著Mt. Gox 漫長傳奇中的一個重要里程碑，在2014 年倒閉之前，Mt. Gox 曾處理過70% 的比特幣交易。 ，導致約100 億美元的損失。

Following a protracted legal and administrative process, the recent movements suggest a closure is finally within sight for creditors, albeit introducing fresh variables into the volatile market.

經過曠日持久的法律和行政程序，最近的動向表明債權人終於可以看到關閉，儘管為動蕩的市場帶來了新的變數。

At press time, BTC trades at $67,865.

截至發稿時，BTC 交易價格為 67,865 美元。