According to Foresight News, according to The Block, JPMorgan analysts said that Mt. Gox creditors are expected to sell some of their Bitcoin receivables next month, which may put pressure on the cryptocurrency market, but it may recover from August. Mt. Gox creditors will receive 142,000 bitcoins from July to October, worth about $9 billion at current prices. Despite the October deadline, JPMorgan analysts believe that most of the repayments will be made in July. FTX creditors are also expected to receive repayments in the coming months, but these repayments will be in cash rather than in-kind repayments to Gemini and Mt. Gox creditors. Analysts said these repayments from FTX could support the cryptocurrency market and could reinvest funds into assets.
