According to Bitfinex analysts, the lack of liquidity characteristic is likely to continue into September, causing Bitcoin to struggle to overcome the resistance level of $63,900, and the current price is struggling to break through the actual holding cost of short-term holders (STH) of $63,900. In addition, Mt. Gox and the US government still have nearly $15 billion of potential selling pressure. The US government holds more than 203,000 bitcoins, worth $12.10 billion, while Mt. Gox will distribute another 46,000 bitcoins, worth more than $2.70 billion. Mt. Gox plans to distribute $2.70 billion on Kraken by the end of 2024, but perhaps not too much of an impact on the market, according to an Aug. 29 report from cryptocurrency analytics provider Kaiko. Mt. Gox creditors did not sell in bulk during the last major $4 billion distribution period. As of the end of July, Mt. Gox creditors received nearly $4 billion worth of BTC, or 41.5 percent of the payments owed to users, and most Mt. Gox creditors opted not to sell, according to a July 29 report from Glassnode. "Creditors chose to accept Bitcoin instead of fiat currency, and only a fraction of the compensated Bitcoin will actually be sold on the market."