QCP: Mt.Gox Distributing Bitcoin will bring a lot of selling pressure, fueling bearish sentiment in the market

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ODAILY
07-03
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Odaily Odaily News QCP Capital said in its market analysis that investors are worried that after Mt.Gox distributes bitcoins, it will bring a lot of selling pressure to the market, which may have fueled bearish sentiment. It said: "Mt.Gox's release is expected to start this week, and up to 140,000 bitcoins should continue to put pressure on the market, especially because the exact release schedule is not yet known." (CoinDesk) Earlier news, Mt.Gox will distribute 142,000 bitcoins worth nearly $9 billion to creditors between July and October.

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