JPMorgan says Mt.Gox lenders likely to sell some bitcoin receivables next month - TheBlock 🤔
Mt.Gox lenders are expected to sell some of their $BTC receivables next month, potentially putting initial pressure on the cryptocurrency markets, according to analysts at JPMorgan.
However, analysts expect a recovery to begin in August, citing FTX upcoming cash payout, which could lead to reinvestment
Also, this just falls right into the summer slump period of activity. As I said earlier, after that we will see an increase closer to the beginning of fall 🤫
