Up to 99% of the creditors could be looking to sell their BTC from the defunct exchange, according to finance analyst Jacob King.

This is partly because Bitcoin’s value has increased by over 8,500% in the 10 years since Mt. Gox’s collapse.

However, only the weakest Bitcoin holders will be looking to sell their tokens, which will only cause short-term Bitcoin selling pressure, according to popular on-chain analyst RunnerXBT.

The analyst wrote in a July 16 X post:

“I expect CT (read as the softest of the men, soyest of soy) to react to the first few 5k BTC+ transfers to CEX. Transfers on-chain (shuffle of coins within wallets) do fuck all.”