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FTX Repayments About To Dump $5B On The Market, How Will Bitcoin And Ethereum React?

  • FTX, a collapsed crypto exchange, is about to disburse $5 billion in stablecoin payments to creditors at the end of the month.
  • The stablecoin payments won't impact the market negatively as there will be nothing dumped, potentially leading to a market pump depending on where the funds end up.
  • The distribution on May 30 could create buying pressure on the market, especially since Bitcoin and Ethereum prices are doing well.
  • Analysts expect that investors who receive the funds will reinvest the money back into the market, potentially triggering a rally, with Bitcoin expected to surpass $120,000.

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