Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Topic OP
Mt Gox Upcoming release of funds to its creditors vs Btc Price
by
irfan_pak10
on 12/08/2022, 22:05:49 UTC
⭐ Merited by UmerIdrees (1)
These days news about Mt Gox releasing of funds to its creditors is spreading on Twitter and seems very alarming to the BTC price action in coming days, as BTC price has not yet gained any momentum towards 28k which most of the so-called technical analysts predicted. I think we are most likely to hit <15k BTC in the coming days due to the release of almost 140k BTC from Mt gox.

If you search for the #mtgox at Twitter you will see how tense is the situation: https://twitter.com/search?q=%23mtgox&src=typed_query

There is this report by BRL; https://twitter.com/lab_blockchain/status/1557330341139972104
There were 22,560 creditors share total claims of $17 billion with an average claim of ~39btc. Do you think they are going to hold it ?