İş Investment International Capital Markets Manager Şant Manukyan talked about the risks that could affect Bitcoin in his Twitter post and pointed to 22,500.
Shunt Manukyan dated July 19 on Twitter post On-chain indicators in Bitcoin pointing to the bottom and exchanges that are now bankrupt or stop withdrawals did not cause panic in the market, back in sight two risks He said he was staying. According to Manukyan, the first risk is miner sales if the second Mt. fear of gox. Manukyan made the following statements in his post on the subject:
We have previously discussed that onchain indicators (MVRV, Puell, Hash Ribbon etc) point to a bottom in BTC. It’s a good thing that news like this is now ineffective. Two risks remain. One is miner sales and the second is Mt. Fear of Gox.
Renowned analyst Mt. About Gox:
To summarize the Mt issue: Investors are slowly getting their BTC back, and this statement from July indicates that a significant amount will be released by the end of August.
said.
Mt. To summarize the Gox issue established in 2010 A Bitcoin exchange based in Japan, Mt. gox in early 2014 of all Bitcoin transactions worldwide more than 70% He was managing more. However Due to fraud, theft and mismanagement in 2014, the company ceased its stock market operations. and filed with the courts for bankruptcy protection. According to court minutes dated June 6, 2022, Mt. Gox’s accounts of 200,000 BTC (4 billion 585 million 600 thousand dollars) a large part end of august to stock market users will be refunded. 2013 – 2015 between the summit 1000 dollars Considering that it is the highest cost Mt. Gox customer’s genius at 2.709% snow it can be claimed. These BTCs that will be released in August profit realization rate market may affect can reach volumes.
Manukyan Mt. out of Gox 22,500 also mentioned the level. Price movements above 22,500 according to the analyst the beginning of a positive course may be, but the analyst is suggesting a new Bitcoin the start of the uptrend of bitcoin to agree on what He stated that he was connected.