Regarding the Mt.Gox trustee's announcement of the start of distribution in early July and the fact that Bitcoin (BTC) once fell below 61,000 USDT, it can be summarized as follows:

1. Mt.Gox trustee announced the start of distribution in early July

Source: According to the official account of PANews and Crypto Gohan, the Mt.Gox trustee has announced that it will start the repayment of Bitcoin (BTC) and Bitcoin Cash (BCH) in early July 2024. Preparation: The trustee is ready to initiate the repayment process to the cryptocurrency exchange in accordance with the requirements of the rehabilitation plan. Security and compliance: The trustee stated that it has completed the confirmation and exchange of the required information with the relevant exchanges to ensure the security and compliance of the repayment. Repayment order: The specific repayment will be carried out according to the order in which the information exchange of each exchange is completed.

2. BTC once fell below 61,000 USDT

Price changes: Before the Mt.Gox trustee announced the distribution, the price of Bitcoin fluctuated. According to an article on Zhihu, BTC fell below 61,000 USDT at a certain point in time, with the specific value being 60,966.7 USDT, a 24-hour drop of 2.05%.

Summary: The impact of the BTC and BCH repayment work announced by the Mt.Gox trustee in early July on the price of Bitcoin is still unclear. However, judging from the volatility of Bitcoin prices, investors and the market may be more sensitive to this news. It should be noted that the price fluctuations in the cryptocurrency market are large, and investors should fully consider market risks and their own risk tolerance when making investment decisions. #BTC☀