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Still Afraid of a Massive BTC Sell-Off from Mt. Gox?
👀 Let's compare the realized market capitalization of Mt. Gox's bitcoins with the total realized capitalization of BTC.
💰 Realized Market Capitalization is the value of all coins at their last sale price. This metric helps measure market liquidity quality.
🔹 Mt. Gox Realized Market Cap: This represents the value of bitcoins held by #MtGox , calculated based on the last transaction prices before the infamous hack and bankruptcy.
🔹 Total BTC Realized Market Cap: This is the sum of the realized values of all bitcoins in existence, reflecting their market history and the #liquidity of the overall BTC market.
Why It Matters? 🧐
📈 Market Impact: The potential sale of Mt. Gox's $BTC can influence market prices, but the impact depends on its proportion to the total market.
💧 Liquidity Insight: Understanding the realized cap of Mt. Gox's holdings versus the entire #BTC☀ market provides insight into the possible effects on liquidity and market stability.
