Mt. Gox repayments due Oct. 31: Will a supply wave hit BTC?

Mt. Gox trustees face an October 31 deadline to complete Base, Early lump-sum, and Intermediate repayments for approximately 34,689 remaining BTC creditors, following a one-year extension from the original 2024 date. The key uncertainty is how this supply will enter the market: through designated exchanges (like Kraken and Bitstamp), over-the-counter (OTC) channels, or custody routes. Historically, about 64% of distributed BTC reached exchanges, suggesting a worst-case scenario of over 22,000 BTC hitting exchanges simultaneously, representing potential sell pressure of $2.4 billion at current prices. However, staggered distributions, OTC routing bypassing public order books, and historical price resilience during previous large outflows suggest that the impact might be limited to slight fluctuations rather than a major crash.

(Source：CryptoSlate)