Bitcoin's price has dropped below the $60,000 mark, sparking concerns of a prolonged price correction. The 4.2% drop over 24 hours may be due to the potential start of Mt. Gox's creditor repayments, which could see $9 billion worth of Bitcoin flooding the market. This could lead many investors to cash out after a decade of untouched profits. However, the influx could be absorbed by institutional inflows from US spot Bitcoin exchange-traded funds (ETFs), which have amassed over $52.5 billion worth of Bitcoin since their launch.