News Explorer — Traders Believe That the Selling Pressure From Mt. Gox's Repayments Will Be Less Significant Than Feared

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Jun 25, 7:53 am

Coindesk

Traders Believe That the Selling Pressure From Mt. Gox's Repayments Will Be Less Significant Than Feared

Crypto traders believe that the selling pressure from Mt. Gox's repayments will be less significant than anticipated, easing concerns of a market selloff. Creditors have had ample time to sell their bitcoin, and most are likely to hold onto it due to their low cost basis. Additionally, it is expected that funds acquiring claims from creditors will distribute the BTC to limited partners rather than selling it off, further alleviating concerns.

Crypto traders believe that the selling pressure from Mt. Gox's repayments will be less significant than anticipated, easing concerns of a market selloff. Creditors have had ample time to sell their bitcoin, and most are likely to hold onto it due to their low cost basis. Additionally, it is expected that funds acquiring claims from creditors will distribute the BTC to limited partners rather than selling it off, further alleviating concerns.

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