Bitcoin may encounter another catastrophe! A bigger bomb than the German sell-off is on the way!

According to a post by Trader T on a social platform, after a week of strong selling by the German government, Mt. Gox in Mentougou may become the next strong seller. Mt. Gox should repay a total of 14,100 bitcoins, and the repayment ratio should be no less than 80% before November this year. The repayment discount rate is 89%, so Mt. Gox will sell at most 100,392 BTC before November.

Given its dispersed ownership, the possibility of large-scale liquidation is low. According to the worst-case scenario that can be predicted, Mt. Gox will sell 80% of its bitcoins, which may bring $4.62 billion in liquidation pressure.

Do you think BTC will fall if it encounters the Mentougou sell-off of bitcoins?