🚨 𝐂𝐚𝐫𝐞𝐟𝐮𝐥 ! 𝐌𝐭. 𝐆𝐨𝐱 𝐑𝐞𝐥𝐞𝐚𝐬𝐢𝐧𝐠 𝐓𝐡𝐞 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 🚨
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Mt. Gox is preparing to distribute #Bitcoin to creditors.
A large-scale outflow indicates that retail investors haven't received any yet. @CryptoQuant Quicktake will confirm via on-chain data when it happens.
Unlike the German govt selling, Mt. Gox creditors aren't forced to sell, so it's not purely sell-side liquidity. @krugermacro estimated a maximum 10% price drop, even with an insta-dump.
🔼 Data Credit - CryptoQuant
🅃🄴🄲🄷🄰🄽🄳🅃🄸🄿🅂123
