TechFlow news, according to The Block, JPMorgan analysts expect Mt. Gox to begin distributing Bitcoin to creditors next month, which may put short-term pressure on the market, but recovery is anticipated starting in August. Mt. Gox creditors are set to receive approximately 142,000 bitcoins between July and October, worth around $9 billion at current prices. Although the deadline extends to October, analysts believe most repayments will occur in July, potentially weighing on crypto prices that month, with a rebound expected from August onward. Additionally, FTX creditors are expected to receive cash repayments totaling between $14 billion and $16 billion in October, funds that may be reinvested back into the crypto market.
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