So the creditors finally got an email about getting their bitcoins since the 2014 bankruptcy. This is around $3 billion dollars.
Everyone is watching their wallet and many will start to front run the dumping when it’s actually redistributed.
What does everyone think will happen? Dump? Pump? Sideways?
It’s also funny how ETH merge is around the same time. Late August. Should be a busy month.
I think a dump is coming, those people have lost access to their coins for years and even if their coins are way more valuable than at that point in time they lost the ability to make even more fiat or bitcoin due to not having access to their coins, so I think that in principle many are going to get out of the market immediately and probably never come back, this means we should have an increase in the supply without an increase on the demand and this will get amplified by traders shorting the market, so when I think of all of that a new low seems possible.