According to Odaily, QCP Capital has expressed in its market analysis that investors are worried about the potential market pressure that could be caused by the distribution of Bitcoin by Mt.Gox. This concern could potentially fuel a bearish sentiment in the market. QCP Capital stated, 'The release from Mt.Gox, which is expected to start this week, could continue to put pressure on the market with as many as 140,000 Bitcoins, especially since the exact release schedule is still unknown.'
Previously, it was reported that Mt.Gox would distribute nearly $9 billion worth of 142,000 Bitcoins to its creditors between July and October. The uncertainty surrounding the exact timeline of this distribution is causing unease among investors, who fear that the sudden influx of such a large amount of Bitcoin into the market could lead to a significant drop in its value. This fear is contributing to a growing bearish sentiment in the market, which could potentially impact the overall performance of Bitcoin in the coming months.