German government selling a portion of its stash and Mt Gox repayment starting in July is probably the cause of current BTC weakness

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Mt Gox has $9billion of bitcoin to give back. How many recipients will sell what they get back immediately is the real question. I would assume most of the OGs are maxis and know it will be much higher 6-12 months from now instead of dumping asap. But market certainly doesn’t like that uncertainty it seems.

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That forced hold is a first world problem considering how much higher BTC is now lol

That’s awesome for them though. Imagine being forced to hold since then.