🚨 Could Mt. Gox $BTC sell pressure spark the new ALTS Season?
Mt. Gox, once the largest BTC exchange in the world is unlocking about $9B worth of BTC to repay it creditors. This action could exert a huge selling pressure on BTC.
BTC price has already started downside movement and can continue in case old holders decide to sell.
Although many altcoins are down -70%.
The BTC unlock may cause investors to reallocate some of their funds into altcoins. This could serve as a catalyst for a possible alts season.
NB: The market will not go down forever. Stay strong 💪 and positive as we navigate this difficult phase together.
Interesting times ahead. 🤩
