Bearish Market Trends😳🚨: Three Key Events to Watch 👀😳

The market is experiencing a potentially significant downturn due to three critical events:

1. US Government's Bitcoin Sales: The US government has started selling its Bitcoin holdings, beginning with 58.742 BTC ($4 million) transferred to Coinbase. This could be the start of a larger sell-off, potentially impacting the market.

2. Mt. Gox's Large-Scale Transfers: Mt. Gox has moved 42,587 BTC ($2.85 billion) and an additional 5.11K BTC, totaling 47,697 BTC ($3.2 billion). This is part of the ongoing repayment process, with $9 billion still to be distributed. The remaining 90K BTC held by Mt. Gox requires close attention.

3. BlockFi's Client Refunds: The bankrupt crypto lender will distribute funds to clients via Coinbase, starting this month. The exact amount is unknown, but this could contribute to market volatility.

These events may postpone the anticipated bull run, leaving investors wondering when the impact will be felt. Stay informed and monitor market developments closely.

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