The MTGOX trustee has announced that the $9.4 billion BTC refund will commence in July. Around 127,000 creditors of Mt Gox will receive refunds amounting to $9.4 billion in BTC. This supply, which has been withheld from the market for a decade, is now poised to be introduced into exchanges. Due to the potential flood of this substantial supply and waning interest in the ETF channel, investors are exercising caution. This scenario may pave the way for prices to drop below $60,000. Stay updated with the latest technology news by visiting
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