Can FTX repayments really bring fresh capital to the crypto space?

According to the analysis from the creditor company, it is possible that more than 60% of the debt has been bought by hedge funds/creditor companies.

Their costs are mostly likely below 20% because there was a lot of panic trading at that time.

Based on the current transaction price of the debt, the paper profit has already reached 7x.

1. Hedge funds are calculating the value of the debt to profit from arbitrage.

2. Having made so much profit, will they return to the crypto space to continue gambling?

3. For me personally, the choice is also to withdraw funds.

After all, the industry’s dividends are getting smaller and smaller, and you can only play smaller and smaller.

This shows that FTX repayments are more like bringing confidence to the market, but the actual effect is not significant.