📉Bitcoin is taking a hit, dipping below $61K as the Mt. Gox trustee announces plans to return 140,000 BTC to clients in July. That's a lot of Bitcoin potentially flooding the market!💧

But hold on, don't panic sell just yet! Alex Thorn, head of research at Galaxy, believes the impact might be less than expected. He estimates 75% of creditors will take the early payout, equating to about 95,000 coins.🔍

Interestingly, Thorn suggests that most of these coins will go to individual creditors who've shown diamond hands, resisting years of tempting offers. Plus, let's not forget the capital gains tax implications given Bitcoin's impressive 140-fold increase since the bankruptcy.💎💪

What's your take? Will this cause a significant market dip or is it just a drop in the ocean? Let's discuss! #Bitcoin #MtGox #CryptoNews