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 hope that we are not fooled by the BTC bullish action that is currently happening, for those who hold these bitcoins to be willing to hold the amount of bitcoin they have received. because we believe that they will be able to overcome the challenges and continue to maintain until the crypto market conditions are truly stable.
Hopefully with their patience in maintaining the coin while waiting for that momentum or the right time to sell it. great benefits will occur in the future with them.