I would not be surprised if ‘FTX FUD’ becomes this cycle’s version of the ‘Mount Gox FUD’
It’s gonna take a long time for the creditors to get paid and the manipulators can use the FTX FUD in the media whenever they want to dump the markets
coinfeeds-bot on
tldr; K33 analysts estimate that $2.4 billion may reenter the crypto market following FTX’s reorganization plan, which allows up to $16 billion in recovered assets to be distributed to creditors. The plan, confirmed by US District Judge John Dorsey, suggests repayments for claims under $50,000 will begin within 60 days, with larger claims resolved by mid-2025. Analysts predict the reinvestment will be gradual, potentially boosting the crypto market but with a limited impact. The timeline may coincide with the US presidential election, adding market volatility.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
InclineDumbbellPress on
Less speculation more capital deployment
hiorea on
Deploying more capital steady lads. For real this time
DaRunningdead on
So the ones who started the bear market will start the bull market too?
uncapchad on
60-90 days means 2nd week of December at the earliest. Who knows what people will decide to do, especially with December holidays not long after that. This is a cash refund with KYC requirements so it might take longer. The market can’t rationally factor in X amount coming back into crypto in Y time. It’s all speculation and not worth fretting over.
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I would not be surprised if ‘FTX FUD’ becomes this cycle’s version of the ‘Mount Gox FUD’
It’s gonna take a long time for the creditors to get paid and the manipulators can use the FTX FUD in the media whenever they want to dump the markets
tldr; K33 analysts estimate that $2.4 billion may reenter the crypto market following FTX’s reorganization plan, which allows up to $16 billion in recovered assets to be distributed to creditors. The plan, confirmed by US District Judge John Dorsey, suggests repayments for claims under $50,000 will begin within 60 days, with larger claims resolved by mid-2025. Analysts predict the reinvestment will be gradual, potentially boosting the crypto market but with a limited impact. The timeline may coincide with the US presidential election, adding market volatility.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Less speculation more capital deployment
Deploying more capital steady lads. For real this time
So the ones who started the bear market will start the bull market too?
60-90 days means 2nd week of December at the earliest. Who knows what people will decide to do, especially with December holidays not long after that. This is a cash refund with KYC requirements so it might take longer. The market can’t rationally factor in X amount coming back into crypto in Y time. It’s all speculation and not worth fretting over.
Let them be our exit liquidity.