Is Mt. Gox 3 B Sell-off hurt the Crypto Market?

Mt. Gox creditors may receive repayments from March 10 onward. 137,890 bitcoin ($3B) unlocks are coming soon! Mt. Gox suspended withdrawals on February 7, 2014, when the price of bitcoin was around $800. And the current price of Bitcoin is $22,408.

Read More https://medium.com/@jimmysong/mt-gox-hack-technical-explanation-37ea5549f715

Will creditors sell Bitcoin after receiving it? So here is a question that spreads fear in the market, and many top crypto influencers share FUD about MTGOX creditors selling bitcoins after they receive

So, what if all of the creditors sold his bitcoin after receiving it?

Here is my response: If all creditors sell BTC, bitcoin has no effect.

Today at this time, according to the Coinmarketcap, the bitcoin market trading volume is around $15.5 billion, and if we compare just February’s volume to today’s volume, we see an interesting chart.

From February to today, Bitcoin's trading volume was above 10 billion dollars, and the average volume, as shown on this chart, was 24.6 billion dollars, so that 3 billion dollars of selling pressure is just a piece of cake for BTC. Why be afraid of this event? It is a good thing. MTGOX should release customer funds, celebrate the movement, and don’t spread FUD.

I don’t think MTGOX creditor sales affect the market, but the sentiment is…