🚀 Interpretation: Will the one-year extension of Mt. Gox's repayment period bring a new round of downward pressure on the market?

Mt. Gox's repayment plan has been extended again, this time to the end of October next year. The debt that was supposed to be paid off at the end of this month now has to wait another year.

This decision is indeed a bit unfair to the long-awaited victims. However, from another perspective, this may be good news for the cryptocurrency market.

In July this year, Mt. Gox began to repay the bitcoins involved, which were worth up to $9 billion. So far, they still hold about 44,900 bitcoins, worth about $2.8 billion. This means that they have repaid $6.2 billion in debt.

Think about it, for nearly seven or eight months since March this year, the price of Bitcoin has been fluctuating around $60,000, indicating that the market has digested the $6.2 billion selling pressure from Mt. Gox. If the remaining $2.8 billion in debt continues until the end of October next year, it should not have much impact on the entire crypto market.

However, some media outlets have reported that while Mt. Gox's Bitcoin repayment extension can temporarily alleviate concerns about oversupply in the market, once funds flow again in the future, it may cause prices to fall.

However, different opinions believe that these media's distorted interpretations are intended to cause public panic, making people afraid when they see such news, and thus dare not buy, thus missing the best time to enter the market.

Therefore, as retail investors, it is important for us to have the ability to think independently and not make investment decisions just because of news reports. After all, investment is your own business, and you should make decisions based on your own judgment and analysis.

💬 Finally, don't forget that Buffett said: "I am greedy when others are fearful, and I am fearful when others are greedy." This sentence reflects the thinking mode of reverse investment, and also reminds us to avoid the herd effect in investment decisions.

#MtGox还款延期 #比特币偿还 #加密货币市场观察

Grayscale's big move before the Ethereum spot ETF is listed, what is the impact on the spot market? 🔥

👋Before the Ethereum spot ETF was listed, Grayscale made a big move. They transferred $1 billion worth of Ethereum to Coinbase! This is a stroke of genius before the Ethereum spot ETF was listed, which makes people think about it.

As we all know, Grayscale's ETHE product fee is as high as 2.5%, so many people may still be hesitant about whether to switch to a spot ETF.

Some people believe that if most people plan to switch to a spot ETF in the short term, coupled with the reported large-scale transfer of Grayscale, the market may really usher in a wave of big selling pressure. 🤔

As for Grayscale's big move, is it preparing to sell off, or is there another plan? I believe that we will see the result in the next few days or weeks, so let's wait and see!

At the same time, in the past two days, mainstream media have begun to hype reports such as oversupply of Ethereum spot ETFs. Will this move bring the last wave of price shocks to Ethereum and other altcoins in the short term? There is reason to believe that there is still a certain possibility!

But wait, are we really going to be led by these short-term fluctuations and panic? The answer is of course no. As a rational investor, we must have our own judgment and risk control ability, only in this way can we make long-term and stable profits in the investment market!

Finally, what do you think of Grayscale's move? Are you bullish or bearish on the listing of spot ETFs in the short term? Come to the comment area to chat and share your views! 💡

👇💬 #灰度大动作 #以太坊ETF批准预期 #加密货币市场观察 #以太坊现货ETF