The distribution of over $9 billion worth of BTC could 'become a relevant negative price contributor in the next weeks,' K33 analysts said.
"Mt. Gox coins could become a relevant negative price contributor in the next weeks," authors Anders Helseth and Vetle Lunde wrote.
Creditors could start receiving digital assets as soon as next month, mirroring the process of fiat refunds, according to the authors.
"Repayments do not necessarily equate to selling pressure, as creditors might opt to hold on to funds," but it's "an overhang that might spook the market shortly," Helseth and Lunde said.
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