FTX Is About to "Pump" Money, the Market Feels Like It's "Sitting on a Powder Keg"
On May 30, FTX will begin Round 2 of debt repayment to users. The amount about to be "unlocked" is over 5 Billion USD - four times that of Round 1.
Looking back at Round 1 from February 18 to March 31, expectations were raised high with 1.2 Billion USD in liquidity "pumped" into the market. But the final result: 600 Billion USD in market capitalization evaporated, Bitcoin plummeted 18%.
This time, with a much larger amount, and the market being "greedier" than ever, will FTX disappoint everyone once again?
