# Despite Mt. Gox Payouts, Bitcoin Price Remains Steady

The expected market impact from the distribution of Bitcoin from the Mt. Gox collapse has not materialized, with Bitcoin prices holding steady.

### Key Points

### Mt. Gox Payouts

- Bitcoin Distribution: 59,000 Bitcoin out of the total 140,000 from the Mt. Gox estate have been distributed to creditors.

- Glassnode Report: Data service Glassnode reported on the distribution, noting that these Bitcoin have reached creditors.

### Market Response

- No Sell-Off: Contrary to fears, there has been no significant sell-off. Glassnode's analysis suggests that the creditors are predominantly HODLers or long-term investors.

- Stable Prices: As a result, the Bitcoin price has remained stable, currently at around $66,000, unchanged from the previous week.

### Future Projections

- Potential Pressure: While the current data is reassuring, Glassnode cautions that some selling pressure could still emerge due to the significant price increase over the past decade.

- Partial Sales Likely: It is likely that only a portion of the distributed Bitcoin will be sold, mitigating potential market impact.

### Conclusion

Despite the release of a substantial amount of Bitcoin from the Mt. Gox estate, the anticipated market disruption has not occurred. The analysis suggests that the majority of recipients are holding onto their Bitcoin, contributing to market stability. However, some selling pressure remains a possibility due to the overall appreciation in Bitcoin's value.

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