) over the next few weeks might “spook the market” and put negative price pressure on Bitcoin, according to K33 Research analysts.The updates included how much cryptocurrency and fiat were owed to creditors as well as completed repayment dates.
The new updates could mean creditors might start seeing Bitcoin returned as soon as next month — assuming it follows a similar repayment schedule for fiat in March, K33 Research analysts Anders Helseth and Vetle Lunde wrote in an April 23 market note.“Mt. Gox coins could become a relevant negative price contributor in the next weeks,” said Helseth and Lunde.
While the release of Bitcoin may not necessarily equate to selling pressure, the “overhang” of 142,000 BTC and 143,000 BCH could still “spook the market,” they added.Mt. Gox creditors have been waiting on the return of their funds for more than 10 years after the exchange collapsed in February 2014 when it succumbed to a series of hacks that went unnoticed for years.deadline of Oct.