, the Bitcoin market experienced short-term violent fluctuations, and the price suddenly fell below the $58,000 mark, reaching a low of around $57,890. In just 24 hours, the cryptocurrency field witnessed a thrilling "liquidation wave", with the total amount of liquidation reaching $220 million, and the long losses were particularly severe, affecting nearly 90,000 investors.

In-depth analysis: In the face of this sudden plunge, Charles Edwards, founder of Capriole Fund, pointed out that the Mt.Gox exchange's creditor repayment plan may be the driving force behind this turmoil. He shared the Bitcoin chain dynamics on Twitter, suggesting that the surge in market selling pressure is closely related to Mt.Gox's repayment action.

Divergent market outlook: However, not everyone is pessimistic about Mt.Gox's repayment plan. Alex Thorn, head of research at Galaxy, has a different view, and he believes that the actual selling pressure may be lower than expected. He pointed out that since most creditors choose to accept early payment and bear 10% impairment, only about 95,000 bitcoins will be circulated immediately, and the rest will be gradually released over a longer period of time.

Creditor attitude: It is particularly noteworthy that many creditors have shown a firm belief in Bitcoin, and they prefer to hold it for a long time rather than cash it out immediately. Most of these people are technology pioneers and long-term investors who firmly believe in the value of Bitcoin and even reject high-value settlement plans over the years. They know that as the market recovers, the value of Bitcoin has already changed dramatically, and even if it is partially recovered, it has brought more than a hundred times of appreciation.

, although Mt.Gox's repayment plan may have a certain impact on the market in the short term, in the long run, its impact on the overall selling pressure of Bitcoin may be limited. In contrast, Bitcoin Cash may face a more severe test due to its lower liquidity. As for whether Mt.Gox has really started repayment, further verification and observation of on-chain data is needed. #币安合约锦标赛 #美联储何时降息？ #VanEck提交首个SolanaETF #BTC☀ #sol板块