IG Markets Analyst MtGox Repayment Unlikely to Cause Significant Impact on Bitcoin Price

Sycamore believes that the so-called Mt. Gox selling pressure has already been reflected in the current market conditions. Repayment has been going on for a long time. The repayment occurred against the backdrop of deteriorating market sentiment, technical selling, and outflows from Bitcoin ETF funds. Most of the speculative “hot money” in the cryptocurrency field has already left to chase after “broader horizons” in the stock market, such as giant stocks like Nvidia and Apple.