Mt. Gox Redemption Redemption Volume Part of BTC Sold Immediately... Rather Good News

"The current Mt. Gox redemption volume is from creditors who have opted for the early lump sum redemption (ELSP) and have been distributed, with the potential for selling pressure remaining from the regular redemption volume," crypto analyst Mignolet told X. "The share of ELSP creditors is 75% of the total BTC redemption volume (141,668 BTC). "The volume share of lump sum creditors is 75% of the total BTC redemption volume (141,868 BTC), and they received 94,697 BTC, a reduction of 10-11%. It is this volume that is currently circulating in the market. Excluding OTC and those that cannot be sold on the market, the amount available for exchange deposit is 64,697 BTC, which is already more than 90% distributed. Creditors who opted for regular redemption will receive 35,467 BTC, and the redemption plan has not yet been announced. While all of the redemption volume that could have a significant impact on the price has been released, some BTC is actually being sold directly. While the Mt. Gox headlines are here to stay, they are likely to be a bull market boon, as they will discourage those who say they should buy when a short-term correction comes, from actually doing so."