Run, run! July is a major bearish month

The $9.2 billion Mt. Gox incident is going to be compensated, with huge sell orders

According to Bloomberg, the Mt. Gox trustee announced that it will begin repayment of Bitcoin and Bitcoin Cash in early July 2024. The trustee is ready to initiate repayment procedures to cryptocurrency exchanges in accordance with the requirements of the rehabilitation plan. The trustee stated that it has completed the confirmation and exchange of required information with the relevant exchanges to ensure the security and compliance of the repayment. The specific repayment will be carried out according to the order in which the information exchange of each exchange is completed.