Mentougou transferred 37,477 bitcoins again. Many people don't understand that no matter who these coins were transferred to, Mentougou basically did not move them in the past 10 years. They started to move from May to July this year, which means that these coins will flow into the market. These coins cost about $600 each. Bitcoin can rise or fall. In short, the market needs to digest these 140,000 bitcoins. It takes time to digest them. So how much impact will Mt.Gox's compensation distribution have on the market?
Mentougou's 140,000 BTC is the largest BTC holding. The cost is too low. The current market suddenly appears in the cost coin a few years ago, and the market must be used to digest and solve it.
This sell-off is expected to have little impact on the market. The big cake has fallen by 2,000 points in succession.
First, the total amount of 43,000 coins is nearly 15% less than 50,000 coins; second, the callback starting point of 68k is lower than 72k, which has less overdraft on the market funds; third, after this distribution, the positions are more dispersed and the selling pressure is more even.
