Mt. Gox's bitcoin has been distributed over 41.5%, but creditors continue to hold rather than sell
2024-07-30 12:40:48
Glassnode data, Mt. Gox's creditors have received 59,000 bitcoins (BTC), accounting for 41.5% of the 141,686 bitcoins due to be repaid, but they have not sold, but continue to hold. Although the value is as high as about $4 billion, the selling pressure has not increased significantly. This behavior shows that creditors expect the price to rise further. Mt. Gox, which collapsed in 2014, owed about 127,000 creditors more than $9.40 billion worth of bitcoins. The recent distribution completed by Kraken has not had a significant impact on the market, indicating that the market has returned to the trend of long-term holding.
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