Mt. Gox is preparing for payments: what does this mean for the market?

- Mt. Gox transferred 140,000 BTC ($9 billion) in 3 hours, preparing for payments.

- Short-term selling pressure is expected from “weak hands” 👐.

- ZachXBT analyst believes that volatility will be temporary.

- After payments there may be a good opportunity for long-term investment.

- Kraken will begin redistributing BTC and BCH in the next 7-14 days.

Be prepared for hesitation!