FTX Begins Payouts to Creditors Under $50K: Recovery Could Reach $16B
šøLarger creditors will receive payments from Q2 2025, with FTX distributing $7 billion initially.
šøRecovery rates vary by claim type, with overall expected recoveries ranging from 123% to 138%.
However, we still didnāt see any significant impact on price of $bitcoin. Well thatās because FTX doesnāt send payments immediately to all creditorsš¤·š¼āāļø
On the chart we can see bullish pattern combined with bullish divergence on RSIš
We can expect retest of resistance level at around ~100k in near future. I believe that time for growth has come.
What do you think about this?? Share your thoughts in the comments below šš»
#btc #bitcoin #FebruaryUnlock