Bitcoin whales continue accumulating, despite the potential sell pressure from Mt. Gox creditors, which could see 99% of investors selling.
Over one-third of the Bitcoin owed to defunct creditors of the Mt. Gox exchange has already been distributed, but large Bitcoin holders continue their buying spree unfazed.
Over 36% of the Bitcoin (BTC) owed to the creditors of Mt. Gox has already been distributed, according to a July 17 X post by CryptoQuant, that wrote:
Crypto investors have been concerned about the potential sell pressure that could be introduced with the Mt. Gox repayment and their potential downward pressure on Bitcoin price.
