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RE: Could the Mt. Gox related BTC selling be mostly over?
I think this is very bullish news. Why? Because most of that money will likely flow back into cryptos once the Trustee start distributing the fiat back to the victims.
Remember, those people watched bitcoin hit 19k while their coins were under the control of the Trustee!!
That is a very good point. I am not sure when that money will get distributed back. If I had to guess I would say it will take some time though.
I agree it could be bullish news, but for the longer term, because as jrcornel said it will take a while for it to happen.
Yeah @techwizardry you make a good point that Fiat money will land up coming back into the market at some point.
@jrcornel I read that he wont be able to sell anymore and the court case in Sept.... might be good idea to put that in our dairy as there could be some more sell off at that point...