The deadline for Mt.Gox creditors to choose compensation plans was March 10. The original plan for compensation was to start in September this year, but it has been changed to July this year!

Mt.Gox is the earliest Bitcoin exchange. The theft incident surrounding it has been going on for many years. Almost every year, it is used to scare the market. It is said that nearly 140,000 Bitcoins have been recovered to compensate users whose assets were damaged that year.

What everyone is most worried about is whether there will be a large-scale dumping of the market: it may be released at one time, but it may not be a one-time dump. At today's price, 22,000 dollars multiplied by 140,000 coins is 3.08 billion US dollars. You must know that the liquidity of Bitcoin today is not comparable to the past. Even in this market where liquidity is rapidly cooling, the 24-hour trading volume of Bitcoin is as high as 770,000 BTC, which is about 17.35 billion US dollars.

Even if the full amount is sold, it will only be 3.08 billion, and if it is all bought, it will only be 17.7% of 17.35 billion. Buying it all will have an impact on the market, but it will never be over-interpreted like the short sellers. The means by which the short sellers spread the news are very scary. Everyone must look at the market rationally!

In addition, not everyone gets BTC, and some people get paid in fiat currency. In addition, I believe that users who get compensation have been paying attention to the market. They may not be willing to sell the chips after getting them. After all, the current position is at a low level. After waiting for so many years, what's the harm in waiting for a few more years? Whether they can get a price that they are satisfied with before selling is not judged, but at least they will not sell at this obvious market low!

If there is a large-scale sell-off, market makers, big investors, and institutions will also take over because Bitcoin has become a risk asset recognized by most countries in the world, so they will not let it go beyond a reasonable range! In addition, many debts have changed hands, and institutions that acquire debts will not dump them on the market. Even if they want to sell, they will trade over the counter.