HOLD, SELL or BUY??? ALL YOU NEED TO KNOW ABOUT THIS MARKET DUMP👇🏽👇🏽

The panic is intense and a lot of people are in sure of what to expect from the market anymore, is the bull run over? Will there be a bull run? Are we back in the bear market?

Relax and read 👇🏽

Mt. Gox is set to begin the repayment of 141,686 BTC this month.

The market is experiencing a downturn as some believe that BTC may drop to $45K or even $40K. Let's address the fear, uncertainty, and doubt surrounding the Mt. Gox dump.

The distribution of Mt. Gox BTC will occur in 3 phases: early payment (July to Oct), intermediate payment (final creditors), and final payment (years later). Currently, the focus is on the early payment, which will consist of 71,403 BTC.

There are various types of investors involved, including individual creditors, credit funds, and exchanges. When Mt. Gox was hacked, BTC was trading at $600, and the holders have already seen a 100x increase. With the current bull market, the selling pressure is expected to be significantly lower. It is estimated that 50% of the coins will be sold, totaling 35,700 BTC worth $2.1 billion.

The market can handle 6K–10K BTC of sell pressure due to low ETF inflows, and during high ETF inflows, it can absorb 15K–25K of daily BTC sell pressure. This suggests that the 35,700 BTC won't have as severe of an impact on the market as anticipated.

The reason for the BTC dump is an overestimation of the Mt. Gox selling.

In my opinion, BTC will likely find support in the $44k-$52k range, and only a black swan event (war, pandemic) could push BTC below that.

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