[Bitcoin short-term holders cost $63,900, lack of liquidity will continue until September] Bitfinex analysts said that the lack of liquidity may continue until September, making it difficult for Bitcoin to overcome the $63,900 resistance level. The current price is difficult to break through the actual holding cost of short-term holders (STH) of $63,900. In addition, Mt.Gox and the US government still have nearly $15 billion in potential selling pressure. The US government holds more than 203,000 bitcoins worth $12.1 billion, and Mt.Gox will distribute another 46,000 bitcoins worth more than $2.7 billion. According to a report by Kaiko, a cryptocurrency analysis provider on August 29, Mt.Gox plans to distribute $2.7 billion on Kraken by the end of 2024, but it may not have too much impact on the market. Mt.Gox creditors did not sell a lot during the last $4 billion major distribution. As of the end of July, Mt.Gox creditors received nearly $4 billion worth of BTC, accounting for 41.5% of the payments owed to users. According to a report by Glassnode on July 29, most Mt.Gox creditors chose not to sell. "Creditors choose to accept Bitcoin instead of fiat currency, and only a small portion of the compensation Bitcoin will actually be sold on the market."
