I slept happily on the weekend yesterday, thinking that Bitcoin had no fluctuations. When I woke up, it plummeted by 2,000 points. I was really impressed. I couldn't find the reason for the decline. Now I see that someone knew about the news of Mentougou and got ahead of schedule. According to market news, the Mt.Gox trustee said that it would start BTC and BCH repayment.

On May 28, Mt.Gox's continuous large-scale BTC transfers caused a certain market panic. Mt.Gox has transferred a total of 141,658 BTC (about US$9.6 billion). This is the first time that a large amount of assets has changed in the Mt.Gox wallet address since 2018.

According to Mt.Gox's creditor compensation plan, Mt.Gox needs to distribute its 142,000 BTC and 143,000 BCH to creditors before October 31, 2024.

As the Mt.Gox compensation deadline approaches, the large amount of BTC transfers in its wallet address may be seen as a prelude to a sell-off. Mt.Gox's huge BTC compensation plan is seen as the sword of Damocles in the crypto market. I've been played with this news, please land quickly, brothers can't bear it anymore.

#BTC☀