JPMorgan says Mt. Gox creditors likely to sell part of bitcoin receivables next month
Defunct crypto exchange Mt. Gox will begin distributing bitcoin repayments to creditors next month. These creditors are expected to sell part of their bitcoin receivables, initially pressuring the market but potentially recovering from August onwards, according to JPMorgan analysts.

Gemini Earn creditors recently likely liquidated part of their crypto assets received, JPMorgan analysts led by Nikolaos Panigirtzoglou said in a report on Wednesday. "Going forward, a similar downside risk looms in July with Mt. Gox creditors," they said.