🚨 FTX Initiates $1.2 Billion Repayments to Creditors: WHAT WILL BE MARKET IMPACT? 🚨
The inflow of $1.2 billion back into the crypto markets capital is although a wonderful news resulting in enhancing of market liquidity. Analysts suggest that a portion of these funds may be reinvested into cryptocurrencies, potentially influencing asset prices.
But the main point is that the next round of repayments is scheduled for May 30, 2025, targeting larger claims than this 1.2 Billion. So in my opinion, market will show short term bullish but then again fall back in bearish channels until and unless heavy infusion of funds uplift the market.
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