Mt. Gox trustees face a deadline on Oct. 31 to complete Base, Early lump-sum, and Intermediate repayments for Bitcoin creditors (BTC). This process involves a substantial amount, with roughly 34,689 BTC still sitting in Mt. Gox-linked wallets as the clock ticks down. The Tokyo court extended the original cutoff date of Oct. 31, 2024, by one year, citing processing delays as the reason for the deferral.

The impending release of this considerable sum of Bitcoin has led to speculation within the crypto community regarding a potential 'supply wave' hitting the market. Such an influx could exert selling pressure on BTC, given that many long-time creditors might choose to liquidate their recovered assets. Market participants are closely monitoring the situation, weighing the potential impact of these long-awaited repayments on Bitcoin's price and overall market stability.