Bitcoin Market Faces Turmoil as Mt. Gox Prepares $9 Billion Crypto Distribution

Bitcoin (BTC) and other cryptocurrency markets are experiencing a significant correction after news emerged regarding Mt. Gox’s distribution plan of about $9 billion in digital assets. According to Coinglass, a crypto data aggregator, over $313 million in positions, primarily long BTC and Ethereum (ETH), have been liquidated in the past 24 hours. Mt. Gox, once