> 33/ So, although there will be some impact from creditors selling, it is unlikely that it causes the doomsday-esque crash many people are calling for.

https://twitter.com/milesdeutscher/status/1545765074434166786

The full thread is a good read:

> 137k (~$3b) worth of #Bitcoin could be dumped onto the market, 8 years after the Mt. Gox hack.
> 
> Some are labelling this as the biggest "black swan" in $BTC history. 
> 
> 🧵: What you need to know about Mt. Gox: A fascinating story of hacks, lies and deceit. 👇

https://twitter.com/milesdeutscher/status/1545764969118978048
https://nitter.it/milesdeutscher/status/1545764969118978048 <-- Shows the thread in a single, easy-to-read, web page

cryptocoin

bitcoin

Will release of $3B Bitcoin from Mt Gox cause market bottom in August?

ElDude

> Even if every single Gox coin got distributed at once (they won't) and every single recipient market dumped at once (they won't), it's only $3B.
> 
> Way more BTC was force-dumped over the past couple months by the cefi lending unwind, miner capitulation, and weak hands.
> 
> Carry on.

https://twitter.com/coryklippsten/status/1545805288757833730