It looks like our forecast of the absence of BTC price dumps on the topic of payments from MtGox is justified.

Yesterday we wrote that we adhere to this unpopular opinion (at the end of the post), and later it was expressed by CryptoQuant CEO Ki Yoon Ju.

He expressed exaggerated concerns about the possible impact of Mt.Gox assets on the market. He sneered at the topic of “the terrible size of#Bitcoinliquidity on the sell side from MtGox” and noted that since 2023, during the current bull phase, $224 billion worth of BTC have been sold in the market, of which $9 billion was sold to government. 

This did not prevent the price of#BTCfrom growing by +350%, however, it is still vulnerable to speculative FUD sentiment, as demonstrated by the liquidation of 50,000 BTC by the German authorities.

But numbers are stubborn things - if $3 billion of Mt.Gox's assets are sold on #Kraken, that's only 1% of BTC's capitalization growth in the current bull cycle. Market capital growth is now outpacing realized capital growth, indicating strong demand. 

Again,#CryptoQuantdata shows that the market currently has very low inflows (on average about 30,000 BTC per day), so if coins from Mt.Gox are distributed in small quantities (and taking into account the specifics of distribution to creditors, this will be the case ), then the market will absorb them without significant problems.