Hello binanciens!
#Mt.Gox Redemptions have started repaying customers with their #Bitcoin after over a decade! Immediately after this begun, on-chain data showed a hefty increase in selling volume from these wallets.
No Bitcoiner will say this out loud, but the majority of the $8.2 Billion in BTC that is set to be distributed back to ex-clients are going to be sold off.
I understand this is controversial, but based on the current low demand volume, this will easily send BTC back into a harsh bear market.
Don't worry too much, will be fine after this episode !
P.S. : Be happy for #Mt.Gox clients, they need to celebrate this moment waited for many years ☺️