Mt. Gox has delayed repaying roughly $13 billion in Bitcoin by another year, and that’s good for crypto traders, according to industry insiders. The defunct crypto exchange’s decision to delay repayments until October 31, 2026, will remove uncertainty in the near term, analysts say. “This delay gives the market more time to absorb eventual inflows and signals continued maturity in how crypto assets are managed and priced in,” Charles d’Haussy, CEO at decentralised derivatives exchange dYdX, told DL News.The one-year delay comes after US President Donald Trump rocked crypto markets earlier in October by threatening to impose a 100% tariff on Chinese goods. The overall crypto market recovered slightly this weekend after reports that Washington and Beijing were making progress on their high-stakes trading negotiations. Decade-old waitThe Mt. Gox trustees’ delay comes over a decade after hackers stole 850,000 Bitcoin from the exchange, which triggered its collapse in 2014.Since then, the trustee has recovered a portion of the lost assets and begun to repay some of its creditors in 2024. When those repayments started, market analysts and investors anticipated that the influx of Bitcoin from the payouts could lead to significant market pressure as creditors were able to sell their assets.Yet, trustees delayed repayments for one year in 2024 and again this year.Many “editors still have not received their repayments because they have not completed the necessary procedures for receiving repayments,” the trustee said in a letter announcing the delay.“Additionally, a considerable number of rehabilitation creditors have not received their repayments due to various reasons, such as issues arising during the repayments process.”To be sure, the 114,000 coins waiting to hit the market make up roughly 0.5% of all Bitcoin in circulation, which suggests that the actual sell-side pressure of these coins on the market would be minimal.Even so, it can help calm traders’ nerves, Robert Freeman, CTO at decentralised finance platform Byrrgis, told DL News.“From a psychological perspective, the knowledge that 142,000 BTC and around the same in [Bitcoin cash] are staying under lock and key for another 12 months will be well received by all crypto traders — with the exception of Gox’s beleaguered creditors,” Freeman said.Mt. Gox has delayed repaying roughly $13 billion in Bitcoin by another year, and that’s good for crypto traders, according to industry insiders. The defunct crypto exchange’s decision to delay repayments until October 31, 2026, will remove uncertainty in the near term, analysts say. “This delay gives the market more time to absorb eventual inflows and signals continued maturity in how crypto assets are managed and priced in,” Charles d’Haussy, CEO at decentralised derivatives exchange dYdX, told DL News.The one-year delay comes after US President Donald Trump rocked crypto markets earlier in October by threatening to impose a 100% tariff on Chinese goods. The overall crypto market recovered slightly this weekend after reports that Washington and Beijing were making progress on their high-stakes trading negotiations. Decade-old waitThe Mt. Gox trustees’ delay comes over a decade after hackers stole 850,000 Bitcoin from the exchange, which triggered its collapse in 2014.Since then, the trustee has recovered a portion of the lost assets and begun to repay some of its creditors in 2024. When those repayments started, market analysts and investors anticipated that the influx of Bitcoin from the payouts could lead to significant market pressure as creditors were able to sell their assets.Yet, trustees delayed repayments for one year in 2024 and again this year.Many “editors still have not received their repayments because they have not completed the necessary procedures for receiving repayments,” the trustee said in a letter announcing the delay.“Additionally, a considerable number of rehabilitation creditors have not received their repayments due to various reasons, such as issues arising during the repayments process.”To be sure, the 114,000 coins waiting to hit the market make up roughly 0.5% of all Bitcoin in circulation, which suggests that the actual sell-side pressure of these coins on the market would be minimal.Even so, it can help calm traders’ nerves, Robert Freeman, CTO at decentralised finance platform Byrrgis, told DL News.“From a psychological perspective, the knowledge that 142,000 BTC and around the same in [Bitcoin cash] are staying under lock and key for another 12 months will be well received by all crypto traders — with the exception of Gox’s beleaguered creditors,” Freeman said.

        Highlights:  The BNB price is down 2% to $1111.46, despite the trading volume spiking 26%. The BNB on-chain demand has slipped, with the open interest plummeting 3% showing a drop in demand.  The technical outlook shows a tight tug-of-war, with the bulls attempting to overcome resistance zones.   The BNB price is down 2% today, to trade at $1111.46. Despite the plunge, the daily trading volume has soared 26% showing increased market activity among traders. However, BNB Chain has seen declining network activity, with the open interest plummeting, signaling a drop in demand.  On Chain Demand on BNB Cools Off The BNB Chain is in a state of cooldown of network activity, which indicates low on-chain demand. In most instances, when a network fails to ensure large volumes or revenues, it means that there is low demand or outflows to other networks.  BNB DeFi Data: DeFiLlama According to DeFiLlama data, the volume of the Decentralized Exchanges (DEXs) is down to at least $2.12 billion in comparison to the high of $6.313 billion on October 8, which also means low on-chain liquidity.  On the other hand, Coinglass data shows that the volume of BNB has grown by 3.97% to reach $4.95 billion. However, the open interest in BNB futures has dropped by 3.36% to reach $1.74 billion. This reduction in open interest is an indication of a conservative stance by investors since the number of new positions being opened is low. This could be an indication that investors are not so sure about the short-term price outlook. BNB Derivatives Data: CoinGlass Meanwhile, the long-to-short ratio is sitting at 0.9091. This shows that the traders are undecided on BNB price’s next move, as it sits below 1.  BNB Price Moves Into Consolidation The chart displays the BNB/USD price action on a 4-hour timeframe, with the token currently hovering around $1111.46. The 50-day Simple Moving Average (SMA) is at $1113, while the 200-day SMA sits at $1129, cushioning the bulls against upside movement. The price has mostly been trending below both SMAs, indicating that the bears are having the upper hand.  The BNB trading volume is up, soaring 26%, signaling the momentum is real. On the 4-hour chart, BNB is trading within a consolidation channel. In such a case, this pattern may act as an accumulation period, giving the bulls hind wings to break above resistance zones.  BNB/USD 4-hour chart: TradingView Zooming in, the Relative Strength Index (RSI) sits at 44.15, below the 50 level. This shows weakening momentum in the BNB market, and might lead to the RSI plunging to the oversold region if the bulls don’t regain control. In the short term, the BNB price could move up to $1113 resistance and flip it into support. A close above this zone will see the bulls target $1126 resistance, giving the bulls strength to reclaim the $1230 mark.  Conversely, if the resistance zones prove too strong, a dip towards $1012 could be plausible. In such a case, this could be a prime buy zone for the risk-takers. In the long term, if the token keeps the hype alive, the bulls may reclaim the $1375 high or higher.    eToro Platform    Best Crypto Exchange   Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users    9.9   Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.