**News Flash: Kraken Completes Mt. Gox Payouts Without Major Bitcoin Sell-Off**
Crypto exchange Kraken has successfully distributed all Bitcoin (BTC) and Bitcoin Cash (BCH) owed to Mt. Gox creditors, as announced by CEO Dave Ripley. Despite fears of a massive sell-off, the anticipated selling pressure on Bitcoin hasn't materialized.
Key Points:
- Kraken facilitated the distribution of over $9.4 billion worth of Bitcoin to around 127,000 creditors.
- Concerns were high that creditors would sell their Bitcoin, causing a price drop.
- However, data from CryptoQuant shows no significant increase in trading volume or Bitcoin outflows on Kraken.
- Analysts suggest only "paper hands" might sell, causing short-term volatility.
Stay tuned for more updates on this developing story.