Mt. GOX & US Government May Introduce $15B Bitcoin Selling Pressure Before the End of 2024 🚨
🔶 Potential Bitcoin Sell-Off: The chances of BTC continuing to dump in September are higher with the looming threat of nearly $15 billion worth of additional selling pressure from Mt. Gox and the US government.
🔶 Government Holdings: The US government currently holds over 203,000 Bitcoin, valued at approximately $12.1 billion, which could significantly impact the market if released.
🔶 Mt. Gox Distribution: Mt. Gox is also set to distribute another 46,000 Bitcoin, valued at around $2.7 billion, adding to the potential market pressure.
🔶 Market Outlook: With these factors in play, September might turn out to be the slowest and potentially most challenging month for crypto this year.
