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 ?
I heard that some of them are already being paid in advance. That is made possible by the crypto exchange which name is ftx. So I think the impact is not going to be that huge because some already sold their coins or idk maybe some of them hodl it for the better since they see that btc price is still not great.
The unfortunate moment had happened long time ago so those people have probably moved on and already have a money on them so the btc that they will be getting won't be immediately needed. People shouldn't see this as a negative news but it's a kind of positive news actually because who would have thought that the coins are still going to be returned to their rightful owners?