The long-awaited restitution for Mt. Gox exchange users, due to begin in July, has sparked concerns of further sell-offs in the Bitcoin market. Bitcoin's price has been on a decline since June, with a notable drop under $60,000 on July 3rd. The latest data suggests a "subdued" Q3 for Bitcoin due to uncertainty surrounding Mt. Gox's fund distribution.

Despite this, QCP Capital predicts Bitcoin's price will remain relatively stable. The Singapore-based firm notes that while the US equity market has surged, Bitcoin and Ethereum prices have hovered around $57,000 and $3,000 respectively.

The options market, however, leans towards a year-end rally, with significant buying interest in longer-term options at the 100k and 120k strike prices. QCP Capital attributes Bitcoin's expected "subdued" Q3 performance to market uncertainty over the potential supply impact from the upcoming Mt. Gox release.

Mt. Gox, which lost 850,000 Bitcoin in investor funds in 2014, owes $9.4 billion worth of Bitcoin to around 127,000 creditors. The upcoming distribution, while a relief for affected users, raises concerns about increased selling pressure in the market.