The K33 research of Mt. Gox warns that imminent $9B payment could affect Bitcoin (BTC).

Gox 142,000 BTC and 143,000 BCH, worth more than 9 billion dollars, to distribute to creditors. The payment process may start early next month. All eyes are on the fee's impact on the price of Bitcoin and Bitcoin Cash, especially after the Bitcoin halving event.

Mt. Gox, once a major player in the cryptocurrency exchange scene, suffered a devastating hack in 2014, leading to its collapse. Now, a decade later, the defunct exchange is preparing to distribute a significant sum to creditors, including approximately 142,000 Bitcoin (BTC) and 143,000 Bitcoin Cash (BCH) worth of digital assets totaling more than $9 billion.

This looming fee has raised concerns among market observers, with a report released Tuesday by K33 Research indicating that it could have a negative impact on the price of Bitcoin.

According to analysts, the entry of Mt Gox coins into the market may put downward pressure on the price of BTC in the coming weeks.

Possible implications for the price of Bitcoin (BTC).

K33 Research Analysts of Mt. Gox highlighted concerns that the entry of digital assets into the market could put downward pressure on the price of Bitcoin in the coming weeks. While lenders may not immediately liquidate their assets, the speculation surrounding repayments could create caution among investors, which could dampen market sentiment.

Lenders have recently received updates on their BTC and BCH claims, indicating that payments may begin earlier than originally expected. This development, coupled with the deadline set by Mt.Gox trustees to recoup the funds, has fueled speculation in the crypto community.

Market observers are divided on the potential impact of the Mt.Gox charge on Bitcoin's price. While some believe that lenders may choose to hold onto their money, others fear that the number of digital assets entering the market could lead to a sell-off, which would lead to a temporary drop in prices.

At Mt. Gox payment uncertainty, the crypto market continues to show resilience in the face of external pressures. However, investors are advised to be careful and closely monitor the changes related to the distribution process, especially according to the warning of K33 research analysts, in order to minimize the negative effects on their portfolios.