Scott Melker: Recent BTC moves by Strategy and Mt. Gox are causing panic selling

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BTC selling after Mt. Gox wallet moves

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Jose Antonio Gastelum

02.06.2026

Scott Melker: Recent BTC moves by Strategy and Mt. Gox are causing panic selling — BTC selling after Mt. Gox wallet moves

Scott Melker, owner and content creator, observes that recent moves by Strategy and Mt. Gox wallets are fueling investor panic. Melker points out that Strategy sold only 0.004% of its BTC holdings, while Mt. Gox wallets transferred coins that were not even sold, yet market participants are reacting with significant selling.

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Melker has previously noted that Bitcoin remained above $75,000 after a whale moved $1.29 billion in a single transaction, with discussion following in a live session. In another commentary, he discussed how Bitcoin became unstoppable after Satoshi disappeared. His observations focus on concrete events rather than speculation.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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