As we have been following since last month, the 10-year saga surrounding the bankrupt Mt. Gox is finally coming to an end and creditors have already started receiving coins.
One of the first concerns shared by the community would be a significant selling pressure by creditors after receiving coins, something that could impact the market.
However, this does not seem to be what is happening. At this moment, we have started to notice a pattern of BTC withdrawals from the Kraken exchange, the platform that is executing the first reimbursements.
In the last 16 hours, around 5,250 BTC (US$ 348 million) were withdrawn from the platform, in a movement demonstrating interest in holding these coins.
If this pattern of withdrawals continues, it could confirm that the impact on selling pressure will be much smaller than expected by the market.
Written by caueconomy
