🤑 Mt. Gox Creditors Receive 41.5% of Owed Bitcoin, Show Reluctance to Sell
▶️ Over 41.5% (59,000 BTC) of the 141,686 Bitcoin owed to Mt. Gox creditors has been distributed, worth nearly $4 billion. Despite the decade-long wait and significant price appreciation, many creditors are choosing to hold onto their recovered assets.
— Kraken completed the distribution on July 24
— Exchange data shows no significant uptick in selling pressure
— 65.8% of Bitcoin supply has been inactive for over a year, indicating a shift back to "hodling" behavior
The lack of immediate selling from Mt. Gox creditors suggests continued faith in Bitcoin's long-term value. This hodling trend, combined with broader market inactivity, could potentially support Bitcoin's price stability in the near term.
