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130k BTC might be flooding the market soon and no one is talking about it

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by COINS NEWS 222 Views

Personally, I'm still pretty bearish, but I know some people are getting hyped thinking inflation has peaked, the FED has to let off the gas because elections are coming, and destroying the markets right now isn't the best idea, however, I don't get why no one is talking about the Mt.GOX bitcoins getting released soon?

Andrei Jikh explains it quite well here:

https://youtu.be/rgpfGsLW7II?t=441

Now, we don't know what % of the 130k will actually get sold immediately, but for some people this cute little rally might be a good opportunity to cash out. It is kind of weird that no one is talking about this, considering such high sell pressure might just be enough to push us below 17k.

DYOR - I'm just letting you guys know this is a thing.

edit:

Just for more context : LUNA Foundation sold 'only' around 80k BTC, now imagine if all the people waiting to get their money back for 8 years decide to cash the fk out, cause they are already pissed by this whole thing.

submitted by /u/dwkk1
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