Kaiko: M.Gox still has over $2 billion worth of Bitcoin waiting to be distributed to creditors, and Bitcoin is facing potential selling pressure from countries such as the United States and the United Kingdom

According to BlockBeats, on August 30th, Kaiko, a cryptocurrency research and analysis company, released its latest research report this morning stating that oversupply has been a hot topic in the cryptocurrency market this summer. The report shows that since May, Mount Gox's continued redistribution of funds to creditors has been one of the main sources of market panic. Mt. Gox still has approximately 46000 bitcoins (worth over $2 billion) waiting to be distributed to creditors, but this does not necessarily mean that these funds will be sold off. Many holders may choose to continue holding their funds. In addition, Bitcoin held by governments such as the United States, the United Kingdom, and China, as well as positions held by institutions such as Tesla, may also create potential selling pressure in the coming months. Kaiko believes that relying solely on single indicators such as trading volume is difficult to comprehensively evaluate market liquidity. The report suggests analyzing multidimensional indicators such as market depth, trading volume to liquidity ratio, and slippage. Research has found that during the sharp decline in the cryptocurrency market in early August, the slippage indicators of various trading platforms showed significant changes, reflecting an increase in market pressure. Kaiko stated that although liquidity in the cryptocurrency market has improved since the FTX crash, caution should still be exercised regarding the potential impact of clearing large holdings.