The long-awaited Mt. Gox Bitcoin repayments might be on the move! With billions in BTC set to be distributed, the market is bracing for potential selling pressure.
💰 What’s Happening?
The defunct Mt. Gox exchange is preparing to return 140,000+ BTC to creditors, raising fears of a massive sell-off that could impact Bitcoin’s price.
📉 Market Impact:
🔻 Increased BTC supply could lead to short-term volatility
⚡ Some creditors might hold, while others could sell into strength
📊 Watch key support levels closely
🚀 My Take:
The market will be watching every move from these transfers. A structured distribution plan could mitigate panic selling, but uncertainty remains. Stay sharp, traders! ⚡
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