Crypto Crash Alert: Mt. Gox's Massive BTC Dump Wreaks Havoc!

Mt. Gox just unleashed 47,229 BTC, plummeting the price to $53,333. And guess what? They still have over $7.60 billion worth of $BTC ready to flood the market.

🔹 Market Impact: A mere repayment of less than 10% has already caused the second-worst weekly decline in #BTC☀ history. With the remaining tokens still to be released, Bitcoin could dive back to $30k. 😱

🔹 Flashback to 2014: Bitcoin was a mere $600 when Mt. Gox went down after a hack wiped out up to 950,000 BTC. Fast forward more than a decade, and the victims of this hack are finally seeing their coins returned, now worth over 10,000% more!

🔹 Unbelievable Returns: Some victims believe being stuck with #MtGox was the “greatest investment they ever made.”

🔹 Recent Events: Not too long ago, Gemini returned over $2 billion in $BTC to users, marking a 230% recovery since the suspension of Earn withdrawals last November. This shows that such massive returns aren’t unheard of, but they do shake the market.

Will Bitcoin withstand this storm? With enough #liquidity , the market can absorb these sales over time, but the immediate future looks turbulent.

⚠️ Prepare for the unexpected; the bottom might not be here yet.

Stay informed and ready!