Data: Mt.Gox will be the next strong seller, potentially bringing a $4.62 billion sell-off before November

ChainCatcher news, according to a post by Trader T on social media, after a week of strong selling by the German government, Mt. Gox will be the next strong seller. Mt. Gox is required to repay 14,100 bitcoins, with a repayment ratio of no less than 80% before November this year, and a repayment discount rate of 89%. Therefore, Mt. Gox may sell up to 100,392 BTC before November.

Given its dispersed ownership, the likelihood of a large-scale liquidation is relatively low. In the worst predictable scenario, if Mt. Gox sells 80% of its bitcoins, it could create a liquidation pressure of $4.62 billion.