Key takeaways:
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Institutional demand and ETF inflows have so far absorbed the redistributed BTC from Mt. Gox.
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Rate cuts, trade optimization, and increased global liquidity solidify Bitcoin’s path toward $150,000-$500,000.
The Mt. Gox, a defunct crypto exchange, has payments are deferred to its creditors by one year and remains in control of nearly $4 billion in Bitcoin (BTC) Until Wednesday.
Is this the latest delay in payment bearish or bullish for bitcoin price moving forward?
Bitcoin Up Despite the earlier Mt. Gox Redistributions
The Mt. Gox Trust is redistributing roughly 75% of its bitcoin reserves to credits from mid-2024, reducing BTC holdings to 34,690 from 142,000, according to the data source Arkham Intelligence.
This means more than $12 billion worth of Bitcoin at today’s value has been shipped, but it hasn’t helped the bears keep prices down.
Since payments began, BTC has gained 85%, and, according to many analysts, Could go up to $150,000 by the end of the year.
That suggests buyers will easily absorb any selling pressure from payments at Mt. Gox, a sign of strong market depth in the middle Unrelenting demand from US spot Bitcoin ETF and Public companies continue to add BTC on their balance sheets.
For example, the strategy listed on the NASDAQ (MSTR) Bitbo.io. That’s almost 3.9 times more bitcoins than Mt is redistributing. Gox to date.
Therefore, today’s Bitcoin market, supported by ETFs, sovereign interests, and corporate treasuries, can absorb several billion dollars of BTC more easily than during the 2017 or 2021 cycle.
The push to Mt. Gox payment in October 2026 means that approximately $4 billion in Bitcoin will be kept off the market, reducing the chance of a sudden market dump.
Macro conditions favor BTC price increase
Bitcoin Bulls expect the price to grow in the long term, citing macroeconomic catalysts that could offset any downside effects stemming from the BTC distribution of Mt. Gox.
First, markets are almost completely pricing in multiple rate cuts by the federal reserve, which signaled the start of a deflationary cycle. Lower borrowing costs reduce pressure on speculative assets, giving bitcoin room to Expand $150,000 in the coming months.
Progress towards a US-China Trade Deal has further improved global risk sentiment, removing one of the largest overhangs on equalities and similarities.
The global M2 money supply is accelerating at its fastest pace since 2020.
Analysts note that if Bitcoin follows the same liquidity-driven path as during the post-covid expansion, it could climb toward $500,000 by 2026potentially echoing the strongest uprising in history.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.
