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 ?
This is scary not only because so much money is coming into the market but also because most of this money will be immediately realised into fiat because it's of people who have been waiting for it since long. These people would immediately convert all the btc into Fiat in order to use it for their purposes, infact most of the people won't even keep it in btc or central exchanges anymore. So if this supply comes to market at the price point you can easily expect 10-12k btc.