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_queryThere is this report by BRL;
https://twitter.com/lab_blockchain/status/1557330341139972104There 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 ?
Of course it has the greatest effect if that amount of BTC is released by Mt Gox. Nothing can stop the market pace with a total of 3.3 billion dollars.
Nevertheless the price of BTC will not be below 10k. That's the final price of the dump market.