LIVEI am quite surprised that BTC and $ETH have not yet broken the old peak (ATH).
Unemployment is increasing, CPI (inflation) is stable, and although there are no solid signals about interest rate cuts or money injections, the possibility of interest rate increases is not high.
According to observations, it seems that the news about MtGox has made traditional investors worried, leading to a decrease in cash flow into the market.
MtGox's coin payout will take place in October. Currently, they transfer BTC to wallets mainly to check inventory. This coin payment process is not an airdrop but will be paid in installments with documents, so it is easy to delay.
Traditional investors are not familiar with Crypto, so this rumor is new to them, but in fact the 2021 season has also had similar rumors like FUD about $USDT, China banning crypto (this year it seems US/ The SEC takes on this role),... These are all FUDs that come up every season.
It seems that people's hesitation comes from waiting for the actual results of $ETH ETF. However, I think the data will be good and the 3 largest coins, $BTC, $ETH, and $SOL, will break ATH, leading altcoins to increase sharply in Q3.
