Bitcoin Falls to $61,300 as Mt. Gox Sends 116 BTC to Bitstamp

Bitcoin has dropped to $61,300 amid ongoing Mt. Gox wallet activity and broader selloff fears. The latest development follows a June 2 transfer of 10,422.65 BTC (~$739M) from cold storage to a new unmarked wallet, with 116.3 BTC routed to a hot wallet. On June 3 the Winklevoss twins moved 1,000 BTC into Gemini, and on June 4 Mt. Gox deposited another 116.3 BTC directly to Bitstamp. Roughly 34,504 BTC (~$2.4B) remain under trustee control ahead of the October 31, 2026 repayment deadline, sustaining market anxiety over potential creditor distributions into a fragile environment already pressured by ETF outflows.