🔍🔍🔍 The repayment of $5B by FTX could cause short-term volatility in the market
FTX will make the second repayment on 30/05, delayed by 10 days compared to the announcement on 19/02
The second repayment is $5B, intended for customers with debts >$50K
Previously, on 18/02, the repayment of $1.2B for creditors <$50K partially created pressure on the market
From 20/02 to 08/04, $BTC dropped ~22%, altcoins evaporated ~$382B
The second repayment is three times larger than the first, with the difference being:
- First repayment: less money, market is adjusting
- Second repayment: more money, market is recovering
Although money is being pumped out from FTX, short-term volatility is difficult to avoid