Bitcoin price fell further below the $57,000 mark on Thursday night after defunct crypto exchange Mt Gox moved nearly 47,229 BTC ($2.71 billion) to another wallet address.

The largest cryptocurrency fell 3.45% in the past 24 hours to trade at $56,851, according to The Block’s bitcoin price page. Around 8 p.m. EST, defunct crypto exchange Mt Gox moved bitcoin worth $2.71 billion from its cold storage to an address.

Crypto traders are closely watching payout updates from Mt Gox, as well as movements made by the U.S. and German governments, which are among the largest known state holders of bitcoin.

In late June, the defunct bitcoin exchange said it would begin distributing over $9 billion worth of funds in bitcoin, bitcoin cash and fiat currency to its creditors from early July. That …