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The long -awaited FTX creditor payments It is scheduled to start today, February 18 after more than two years of bankruptcy. This batch, which is the first batch, is targeted to target smaller creditors. However, payments can have some effects on the encryption industry, especially if the creditors receive batches of encryption.
Curve analyst, Excavo, has I shared his point of view On TradingView, highlighting potential liquidity shifts that can follow Creditor FTX payments and the broader effects on Bitcoin and Altcoins.
FTX Payouts Kick-FF: How does this affect the encryption market?
FTX confirmed that the payment of creditors will start on February 18, starting with those in the category of convenience from creditors with $ 50,000 or less demands. These creditors will get a full payment in addition to an additional annual interest of 9 % due since November 2022, with a total of about $ 1.2 billion of payments.
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For creditors who have larger claims exceeding $ 50,000, distributions will start in the second quarter of 2025, with FTX planning to spend $ 7 billion as part of a The largest of $ 16 billion in total. like I noticed by ExcavoThe importance of these payments extend beyond individual investors, as the redistribution of these funds can reshape liquidity flows through the encryption market.
If the creditors receive batches in Crypto and decide to sell, it may create descending pressure on the market. However, most payment is expected to be cash, and is now left to find out how investors will invest in the market. The first thought is that most of these plots will return to Bitcoin, which will lead to the Bitcoin prices.
However, with billions set to enter the market, a large part It can flow to altcoinsEspecially if Ethereum Staking ETFS receives an organizational approval later in 2025. This is in line with speculation that the ETF altcoin wave can Pay capital to other altcoins Like Cardano, Dogecoin, XRP, especially Solana. Excavo analysis indicated that the liquidity decrease in Altcoins has left many estimate, but this may change if a large part of the FTX payment to the broader encryption market is not directed and not Bitcoin.
Will Bitcoin be disrupted or the assembly in response to FTX payment?
the Total FTX payment Creditors are expected to exceed $ 16 billion, as most of them were cash. Injecting billions of dollars can cause the new purchase pressure if it is re -invest in the market. You can say that this is the general consensus between the bossy investors.
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For example, some members of the Reddit Crypto community have noticed that they are keen to re -invest their FTX payments in the encryption industry. “Everything returns directly to encryption,” A Reddit user commented.
with Bitcoin in the foreground From the last flows on the market, the majority of payment It can return easily In Bitcoin. The Crypto Excavo analyst thinks otherwise, noting that most FTX plots flow again will go to the Altcoin market.
At the time of this report, Bitcoin is trading at $ 95300, a decrease of 0.75 % over the past 24 hours.
Distinctive photo of Unsplash, Chart from TradingView.com
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