MT GOX DUMP FUD đšÂ Mt. Gox will start the repayment of 141,686 BTC this month  The market is dumping as people are thinking BTC might hit $45K or even $40K  Let's clarify the FUD about the Mt. Gox dump  Mt. Gox BTC distribution will happen in 3 phases  - Early payment ( July to Oct )  - Intermediate payment ( Final creditors )  - Final payment ( years later )  So, now just talk about the early payment, which will be 71,403 BTC  Among them, there are different types of investors  - Individual creditors  - Credit funds  - Exchanges  BTC was trading at $600 when Mt. Gox was hacked, and the holders are already up 100x  Given that we're already in a bull market, the selling will be significantly less  Let's assume that 50% of the coins will be sold  The total selling amount will be 35,700 BTC worth $2.1 billion  Right now, the market can handle 6Kâ10K BTC sell pressure as the ETF inflows are low  During high ETF inflows, BTC can easily absorb 15Kâ25K of daily BTC sell pressure  This means that 35,700 BTC won't have as bad an effect on the market as it seems  The reason behind the BTC dump is people overestimating the Mt. Gox selling  IMO, $44k-$52k will be the area where BTC will find its support, and only a black swan event ( war, pandemic ) could push BTC below that  If you find this helpful, hit like, repost, and bookmark this tweet $BTC #MtGox