Remember, even if Mentougou repays the bitcoins to the creditors, these creditors cannot sell all the bitcoins at once, unless they are fools! These people are the earliest believers and investors in Bitcoin, and they are even less likely to do so!

Today, Bitcoin plunged due to the Mentougou transfer incident, causing panic among many people and exposing the stupidity and ignorance of many people. In fact, after a long time of piercing, it only broke through 67,000, and was quickly pulled back by huge bargain hunting funds. Now it is 69,000 again, while mainstream altcoins such as Ethereum and AVAX basically did not follow the decline, indicating that it was just an emotional catharsis, and there was no follow-up stampede.
Just now, Mt.Gox confirmed that the transfer of Bitcoin was to prepare for the creditor repayment deadline on October 31. The documents released by Mt.Gox show that Mt.Gox confirmed that the previous related transfers were to prepare for the creditor repayment deadline on October 31. (Cointelegraph)
Previously, CryptoQuant researcher Axler Adler Jr posted on the X platform that all BTC funds in Mt.Gox cold wallets have been transferred to new wallets starting with 1JbezD. The current balance of the wallet starting with 1JbezD is 141,000 BTC.
It seems that it is time to start paying back the debt. In fact, it should have been paid back a long time ago. I just don’t know whether it is paid back with fiat currency or Bitcoin. If the fiat currency of the year’s value is used to pay back the debt, then the creditors will lose too much. There is no need to sell so many BTC. Selling a little is enough to pay back the debt. If the BTC of the original currency standard is used to pay back the debt, then the creditors will be crazy! That would be forced to get rich.
If the first fiat currency value is used to pay back the debt, then everyone does not need to worry about the market crash. What everyone is worried about is the second way of paying back the debt, worrying that the creditors will crash the market after receiving BTC. In fact, this worry is also unfounded. Not to mention whether the creditors are willing to liquidate and crash the market before the bull market after receiving BTC, even if all creditors really choose to crash the market and smash all 140,000 Bitcoins, there is actually no need to over-interpret it. Its scale is equivalent to Binance listing two new coins. Binance will list dozens of new coins a year, and the sky will not fall.
What's more, it's just 140,000 BTC. Now with the huge funds of ETFs, this is really not enough. ETFs have just started, and now global ETFs already hold more than 1 million BTC, and are still continuing to buy. BlackRock alone often increases its holdings of thousands of bitcoins a day. Even if these 140,000 BTC are dumped, they will not be enough for several large ETFs to share. What do you think is there to worry about?
When the market was trading today, someone was spreading panic in the group, shouting something like, "Mt.Gox bought Bitcoin at a cost of only 800U, and this time it will be sold back to 800U, 800U is the bottom!" I really wanted to swear at that time, fuck your sister, is that your mouth or your asshole? ! Why are you spewing shit? !
Oh, I bought it at 800U, and I have to sell it at 800U today? ! What kind of idiot can have such a brain circuit? ! I am really convinced! According to your theory, if you are a Beijinger, and your house was bought for 30,000 yuan in 1993, and now you plan to sell it for 30,000 yuan? ! Then sell it to me quickly, I am not afraid of being your buyer!
So, in the future, everyone should use their brains when encountering things, and don't be led by some idiots. It really makes people angry and funny. If they shout like this, if it is not because they are brain-dead, then they have ulterior motives and deliberately create panic so that they can buy at the bottom. There is no other possibility.
#MtGox钱包动态 #5月市场关键事件 #BTC突破7万大关 #btc $BTC