TechFlow reports that on December 5, according to on-chain analyst Ender's monitoring, after BTC broke through $100,000, the Mt.Gox address transferred 3,819.5 BTC ($386.01 million) to the address 1Jbez and 24,051.7 BTC ($2.43 billion) to the address 1N7jW. Some are concerned about a potential sell-off of 24,000 BTC, but based on previous transfer patterns of the Mt.Gox address, only the 3,819.5 BTC sent to the 1Jbez address—rather than the 24,051.7 BTC sent to 1N7jW—is likely to eventually enter the market.
Ender noted that BTC being moved out by Mt.Gox would first go to the 1Jbez address before being further distributed (at least this has been the case in the first few transfers), while the 1N7jW address is most likely a new wallet address used by Mt.Gox for fund storage.
