Today, the crypto community is on alert for the imminent release of 34 thousand Bitcoins belonging to the former exchange, Mt. Gox, which collapsed in 2014. This movement has generated concern about its possible impact on Bitcoin prices and market confidence.
In summary, the wallets of the infamous exchange Mt. Gox, inactive for 7 months, are starting to move with 34,000 bitcoin (3.8 billion USD) pending for reimbursement before October 31, investors are on alert.
📈Risks • Massive sell-offs, drop in Bitcoin price. • Increased volatility in the market.
🧠Divided opinions • Some fear negative short-term impact. • Others see this as a historical cleansing that could strengthen the market in the long term.
The market continues to be pressured by the global economy and enters a period of correction with Bitcoin (BTC), Ethereum (ETH), and XRP facing declines due to macroeconomic factors and changes in investor sentiment. Meanwhile, small investors are selling out of panic.
💡 If this is your case, do not act out of pressure or depression🥴, in that case:
• Hold stablecoins to protect your capital • Invest in stages with DCA and reduce the risk of volatility. • Watch the “strong hands”: when they accumulate, there is support. • Diversify among BTC, ETH, and other solid assets. • HAVE PATIENCE: the correction may last, but it is also an opportunity for the long term.
📌 And what are you doing now? Are you accumulating in this correction or do you prefer to wait? $XRP
Safe strategy:
Protect Capital 💵 Stablecoins: USDT, USDC, BUSD
Reduce impact of volatility 🔄 DCA: invest in stages.
Indicate support 🐳 Strong hands: accumulate on the way down
Diversification 🔍 BTC, ETH + solid assets
Patience ⏳ Wait for catalysts and the end of retail panic.