Поделиться этой статьей
Crypto Markets to See Selling Pressure in July From Mt. Gox Creditors: JPMorgan
If most of the liquidations by Mt. Gox creditors occur next month, crypto markets are expected to sell off in July then rebound in August, the report said.
- JPMorgan said crypto markets are faced with downside risk due to potential selling pressure from Mt. Gox creditors in July.
- Creditors are set to receive 142K bitcoin and there are concerns that some will dump their tokens as soon as they receive them, the report said.
- The bank said crypto markets are expected to rebound in August.
Cryptocurrency markets are faced with downside risk in July due to potential selling pressure from the creditors of defunct bitcoin exchange Mt. Gox, JPMorgan (JPM) said in a research report on Wednesday.
The trustee of Mt.Gox exchange said earlier this week that it would make repayments to creditors in July. JPMorgan notes that the announcement unsettled crypto markets due to concerns that some creditors will dump their bitcoin in July as soon as they receive them. Creditors are set to receive 142,000 bitcoin worth about $9 billion at current prices.
STORY CONTINUES BELOW
Не пропустите другую историю.Подпишитесь на рассылку Crypto Daybook Americas сегодня. Просмотреть все рассылки
“This fear is justified given the recent behavior of Gemini creditors which are assumed to have liquidated part of the crypto assets received in recent weeks,” analysts led by Nikolaos Panigirtzoglou wrote.
The bank said by looking at the negative price action in crypto markets since May 29th, it is “fair to assume that some of Gemini creditors, which are mostly retail customers, have taken at least partial profit in recent weeks.” Gemini announced on May 29 that its Gemini Earn users had received all their digital assets back in-kind, following its settlement with Genesis.
JPMorgan notes that while there is an October deadline for repayment to Mt Gox. creditors, most of the reimbursements are expected to happen in July.
If most of the liquidations by Mt. Gox creditors do occur in July, crypto markets are expected to sell off next month then rebound in August, the report said.
Cash payments to creditors of bankrupt crypto exchange FTX, expected some time after October 7, could support markets but the problem is that there is a gap of about three months between potential Mt. Gox creditor selling and FTX creditor reinvestment later in the year, the report added.
Read more: Mt. Gox to Begin Repayments in July; BTC Slides Under $61K
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Polkadot's Gain Underperforms Wider Crypto Markets
The token has support at $2.05 and resistance near the $2.16 level.
What to know:
- DOT climbed 0.8% to $2.12, lagging behind the broader crypto market.
- Trading volume jumped 26% above the seven-day average, signaling heightened institutional activity.
Top Stories
