Mt. Gox Claims Plan Launches!

140,000 BTC and BCH are about to be released, and the encryption market may set off huge waves!

The high-profile Mt. Gox claims plan will finally kick off in early July 2024! This milestone event will cause huge ripples in the crypto market, especially the market prices of BTC and BCH will suffer an unprecedented impact.

According to the plan, Mt. Gox will allocate up to 142,000 BTC, 143,000 BCH and 69 billion yen in assets to repay creditors. The release of this huge amount of assets will undoubtedly bring huge liquidity changes to the crypto market.

Industry experts generally believe that the launch of the Mt. Gox claim plan will have a significant impact on the crypto market. In particular, the market prices of BTC and BCH may fluctuate due to the release of large amounts of assets.

Personally, I think the impact itself is not big, as I have analyzed before, but some short-sellers will not let this opportunity go. It’s better to be cautious