Mt. Gox's latest progress in selling pressure, how many chips are left to be dumped into the market? When will it end? And FTX repayment is also coming?

First of all, the most concerned about the actual progress of the Mt. Toumen's selling pressure, whether he has started to repay, and how many BTC are waiting to be sold.

Mt. Gox's Address has been quiet for a month, and it has also started multiple small amount transfer tests in the past two days to prepare for the transfer of funds to the exchange, indicating that the real repayment is about to come. At noon today, Mt. Gox also transferred 2700 BTC to the exchange for the first time, starting the journey of repayment, which may last for one or two months.

However, the good news is that Mt. Gox is directly repaying BTC instead of selling the 8 billion first and then repaying it in Fiat Currency.

And because these creditors are all old suckers, coupled with the expected bull market in the crypto world this year, most people should not immediately sell the coins after receiving them, so the real selling pressure may only be around 2-3 billion.

In October, FTX will also start repaying, but this repayment will be in Fiat Currency instead of Cryptocurrency, because FTX's coin has been sold out, so FTX's repayment will inject a large amount of money into the market, and many people will re-enter the encryption field when they receive the money, after all, there is a strong Bull Market expectation at the end of the year, so there will be a hundred billion buying orders from FTX entering the market in October, which is Favourable Information that many people have overlooked. By then, when Mt. Gox completes the repayment, Unfavourable Information will be exhausted, and then FTX will release funds to enter the market, and the real Bull Market in the coin world will start to erupt and continue.

Speaking of the current market situation, the current selling Market Maker is not a Whale but comes from Germany.

In the past few years of law enforcement, he has seized a total of 50,000 BTC. There has been no movement before, but in the past two weeks, he has frequently transferred coins to long exchanges for sale. Currently, he has transferred 10,000 BTC, which is 600 million US dollars. Currently, there are still 2.4 billion US dollars worth of BTC in his wallet, plus Mt. Gox's, and the current market is indeed facing a very big challenge.

And after its ETF goes live next week, there will be additional Wall Street funds flowing in, even if it's small, it's still additional buying pressure, which is much stronger than other currencies that are experiencing capital outflow. So catching the bottom in Ethereum is more stable than catching the bottom in Bitcoin.

Large Investors are mainly focused on Coin Hoarding, buying more as the price falls. Even the Unfavourable Information of Mt. Gox did not cause too much impact, and the fundamentals are good.

#SCDOMining is the most stable investment in the blockchain field