© Reuters. Massive 200,000 Bitcoin (BTC) Dump Expected in 60 Days – Mt. Gox Update
U.Today – Colin Wu, a prominent figure in the crypto journalism space, reported that Mt. Gox recently initiated an email verification process for users, seeking confirmation of account ownership of exchange addresses designated as addresses. payment for (BTC) and (BCH). ).
This move follows reports in December 2023 from creditors confirming that they have received compensation in Japanese yen through their PayPal (NASDAQ 🙂) accounts, and that ongoing payments will extend into 2024.
The central concern arising from this development is the significant volume of Bitcoin that Mt. Gox is rumored to release to the market. While estimates vary, from 142,000 BTC to 200,000 BTC, the lack of consensus among sources has led to increased scrutiny within the crypto community. Market participants are particularly attentive as the countdown begins for a possible release of 200,000 BTC in the next 60 days.
To complicate matters, Mt. Gox currently holds 143,000 BCH, intensifying speculation about the combined impact of the launch of Bitcoin and Bitcoin Cash on market dynamics. With an additional 69 billion yen reportedly under the exchange's control, the situation has drawn attention for its potential to influence broader market sentiment.
As the industry closely follows this developing scenario, analysts and enthusiasts await more details and confirmation from Mt. Gox. The reserved anticipation within the community underscores the importance of this story, making it a focal point for careful observation in the coming weeks.
This article was originally published on U.Today.
