📉BTC took a bigger hit than altcoins, leading to a slide in its market dominance due to fears over the impact of impending payouts to victims of the 2014 Mt. Gox hack. This led to a sell-off, with BTC's dominance falling by 1.8% to 54.34%.

🚨News of the defunct crypto exchange planning to distribute 140,000 BTC in July sparked concerns of a supply overhang. This, coupled with faster selling by miners and outflows from ETFs, has led to increased demand for short-term BTC put options.

🤔However, some observers believe the selling pressure from Mt. Gox reimbursements may be more measured. Tagus Capital suggests that Mt. Gox creditors may hold their Bitcoin rather than sell, as they are long-term investors.

What's your take on this? Will the Mt. Gox payouts cause a major shakeup in the market, or is it all just overblown? Let's discuss! #CryptoNews #BTC #MtGox