After the news that creditors of defunct crypto exchange Mt. Gox will receive repayments in July, Bitcoin dropped to below $61,000, and some are questioning whether it will crash further when the repayments hit the market.

It’s estimated that up to $9 billion of Bitcoin is due for repayment; however, with a market cap of over $1.2 trillion, that only amounts to 0.75% of its circulating supply.

Is this just another case of paper hands, or will it cause Bitcoin and the wider crypto market to crash over the summer?

Source: Galaxy Research