Odaily News Odaily Planet Daily News CryptoQuant founder and CEO Ki Young Ju wrote on X: "Mt.Gox is preparing to distribute Bitcoin to creditors. Large-scale capital outflows indicate that retail investors have not yet received funds. When it happens, CryptoQuant will confirm it through on-chain data. Unlike the German government's sale, Mt.Gox's creditors were not forced to sell, so this is not pure seller liquidity. Crypto analyst Alex Krüger estimates that this will cause Bitcoin prices to fall by up to 10%, even if an immediate sell-off occurs. I believe this distribution will not end the bullish trend because these Bitcoins are expected to respond to market sentiment like existing supply." Earlier today, Mt.Gox trustee Nobuaki Kobayashi issued a notice stating that following July 5, 2024, on July 16, 2024, the Mt.Gox trustee repaid Bitcoin and Bitcoin Cash to some creditors through some designated cryptocurrency exchanges, etc. in accordance with the plan. So far, the trustee has repaid these assets to more than 13,000 creditors.