Mt.Gox is preparing to distribute #Bitcoin to creditors.
The large-scale outflow shows that retail investors have yet to receive any money.
Cryptoquant said it will monitor and provide information when there are changes.
Unlike the German government's sale, creditors of Mt. Gox was not forced to sell, so this is not strictly sell-side liquidity.
Krugermacro estimates a maximum price reduction of 10%, even with an immediate discharge.
I believe this allocation will not end the bullish trend, as the coin is expected to react to the same market sentiment as the current Bitcoin supply.
This could be volatile news for BTC for a few days.
BTC price has returned above $60,000 and if it maintains this level for about 1-2 weeks, the price will likely go up and break the previous ATH of $73,777. $BTC
