๐จ ๐๐๐ซ๐๐๐ฎ๐ฅ ! ๐๐ญ. ๐๐จ๐ฑ ๐๐๐ฅ๐๐๐ฌ๐ข๐ง๐ ๐๐ก๐ ๐๐ข๐ญ๐๐จ๐ข๐ง ๐จ
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Mt. Gox is preparing to distribute #Bitcoin to creditors.
A large-scale outflow indicates that retail investors haven't received any yet. @CryptoQuant Quicktake will confirm via on-chain data when it happens.
Unlike the German govt selling, Mt. Gox creditors aren't forced to sell, so it's not purely sell-side liquidity. @krugermacro estimated a maximum 10% price drop, even with an insta-dump.
๐ผ Data Credit - CryptoQuant
๐ ๐ด๐ฒ๐ท๐ฐ๐ฝ๐ณ๐ ๐ธ๐ฟ๐ 123
