FTX Begins Payouts to Creditors Under $50K: Recovery Could Reach $16B
🔸Larger creditors will receive payments from Q2 2025, with FTX distributing $7 billion initially.
🔸Recovery rates vary by claim type, with overall expected recoveries ranging from 123% to 138%.
However, we still didn’t see any significant impact on price of $bitcoin. Well that’s because FTX doesn’t send payments immediately to all creditors🤷🏼♂️
On the chart we can see bullish pattern combined with bullish divergence on RSI😏
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 👇🏻
