The liquidation pressure of Mt. Gox is still there!
The market during this period started with the German selling of Bitcoin and ended. On July 13, the balance of the Bitcoin address seized by the German government showed that its selling may have ended. So far, the large-scale selling in mid-June has come to an end.
You should know that the selling pressure brought by these 50,000 BTC caused BTC to fall from a minimum of $65,000 to around $53,500. The market panic spread and hit a new low for the year and collapsed the altcoin market.
But don't forget that after a week of strong selling by the German government, Mt. Gox will be the next strong seller. Mt. Gox should repay a total of 14,100 Bitcoins, and the repayment ratio should not be less than 80% before November this year. The repayment discount rate is 89%, so Mt. Gox will sell at most 100,392 BTC before November.
Given its dispersed ownership, the possibility of large-scale liquidation is low. According to the worst-case scenario, Mt.Gox will sell 80% of its Bitcoin, which may bring $4.62 billion in liquidation pressure.
