#$1.5BInLeveragedCryptoBetsLiquidated
Tomorrow, October 31, was supposed to be the deadline for repaying creditors.
It won't happen. The trustee already pushed it to October 31, 2027. The original deadline was 2023.
Why it still matters:
▪️ ~34,400 $BTC (≈ $2.8B) still sits in estate wallets
▪️ In June, 10,306 BTC moved to an unmarked address and repayment fears returned
▪️ In 2024, the first payout news knocked BTC down 6.5% in a day. Later delays barely moved price
▪️ Can this debit risk in harsh drop of BTC price to ease this repayment and reduce the financial burden.
The tension:
🟢 Delay = less supply hitting a market already defending $80K
🔴 A pile worth 6x the last three days of ETF inflows is a standing risk
The shock factor has faded. The overhang hasn't.
Is Mt. Gox old news, or the market's hidden risk?
🟢 Old news | 🔴 Still a threat
Not financial advice. Always DYOR.
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$ETH $HYPE
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