JPMorgan: Mt. Gox creditors expected to sell some of their Bitcoin receivables next month

Odaily News Analysts at JPMorgan Chase said that Mt.Gox creditors are expected to sell some of their Bitcoin receivables next month, which may initially put pressure on the crypto market (while it is ongoing), but the market may recover from August as FTX creditors also expect to receive repayments in the coming months. Analysts further stated that these repayments from FTX may support the crypto market, and creditors may reinvest funds in crypto assets. (The Block)