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Cryptot traders say Mount Gawks' selling pressure could be lower lower than expected and Julian Assange is a free man.

You're watching Coin Desk Daily. I'm your host, Jen Sanassi.

Cryptotraders say selling pressure from Mount Gawks' newly announced repayments could be much less than market observers fear, easing concerns about an imminent sell-off. Sam Callahan, senior analyst

at Swan Bitcoin, said in an email to CoinDesk that the impact on Bitcoin's price is likely

overblown. He added, quote, creditors who wanted to sell their Bitcoin have now had more than 10

years to do so through selling their bankruptcy claims to more convicted long-term investors.

End quote.

This while Galaxy Research said it's reasonable to assume that most of the Bitcoin received by funds

that acquired claims from creditors will be distributed to LPs in kind and not sold off.

Julian Assange is now a free man.

The WikiLeaks co-founder reached a plea deal with the U.S. Department of Justice.

He has pleaded guilty to a single espionage charge in exchange for a sentence of time served.

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