eToro market analyst Josh Gilbert said that most of the recent sell-off can be attributed to concerns about the repayment of Mt. Gox creditors. This month, about $8 billion worth of BTC will enter the market. It is expected that the price of bitcoin will further deteriorate in the coming days, as there are far more bearish news than bullish ones. The sell-off obviously makes investors feel uneasy, which often leads to more sell-offs. The price will be relatively weak in the short term until there are catalysts that improve market sentiment and boost prices, such as investors buying at low prices and the approval of Ethereum ETF. Josh Gilbert also said that investors also have reasons to remain optimistic about the long-term prospects, expecting the Fed to cut rates in September and possibly again in December to boost prices.