Over 100,000 $BTC (+1,24%) change hands from July
Mt.Gox starts paying out to creditors
The payment will not be made all at once but is expected to be spread over the next few months up to and including October. After that, the creditors who have opted for the final payment are still open.
Not all creditors will certainly sell directly, but some will. Especially as the coins will be paid out directly to crypto exchanges, such as Kraken, to the creditors' accounts and not to the creditors' private wallets. This lowers the barrier to selling even further.
In addition to Bitcoin, Bitcoin Cash $BCH (+2,52%) will also be paid out. Accordingly, prices could come under pressure in the short term, if not already priced in.
