TechFlow reported on July 16 that Ki Young Ju, founder of CryptoQuant, said Mt. Gox is preparing to distribute Bitcoin to creditors, and large-scale fund outflows indicate retail investors have not yet received funds. Unlike the German government's sales, Mt. Gox creditors are not forced to sell, so this is not purely seller liquidity. Crypto analyst Alex Krüger estimates this could lead to at most a 10% drop in Bitcoin's price, even if immediate selling occurs.
Ki Young Ju stated he believes this distribution will not end the bullish trend, as these Bitcoins are expected to react to market sentiment similarly to existing supply.
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