TechFlow news: QCP Capital reported that Bitcoin price dropped significantly to $60,500 following the announcement by the Mt. Gox trustee of commencing distributions in early July. Earlier this year, the exchange's trustee transferred over 140,000 bitcoins (worth approximately $9 billion) in preparation for repayments.
On the options front, July options market activity has been relatively low, indicating market expectations of limited volatility during the distribution period.
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