📣 Mt. Gox's $8.5 billion Bitcoin (BTC) repayment to creditors may not wreak havoc on BTC prices, says IG Markets analyst, Tony Sycamore. He suggests that half of the total BTC, about $4.5 billion, could hit the market from July. However, he believes the market has already priced in this sell pressure. Sycamore also points to strong support on the 200-day moving average as a reason for optimism. Meanwhile, Galaxy Digital’s Alex Thorn estimates that only 65,000 of the 141,000 total Bitcoin will actually hit the market, as most creditors are likely to HODL. Now, who said crypto news couldn't be fun? 😄