The Mt.Gox rehabilitation trustee, Nobuaki Kobayashi, has announced the commencement of repayments to creditors, causing heightened volatility in the crypto market. During the first round of repayments, the Bitcoin price dropped from $63k to around $53k. Mt.Gox has recently made strategic wallet movements, emptying four wallets after receiving $370k in BTC from Kraken, leading analysts to believe that more repayments are on the horizon. This has reduced fears of further crypto capitulation, resulting in a fear and greed index of 59 percent. However, the repayment of nearly $3 billion could lead to bearish volatility before a bullish cycle begins in the fourth quarter.



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