FTX Payouts Begin Today, Will Bitcoin Price Rally Or Crash In Response?

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FTX Payouts Begin Today, Will Bitcoin Price Rally Or Crash In Response? - NewsBTC

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Related Reading: Bitcoin Price Action: Why The Next 30 Days Could Be A Game-Changer For The Market For example, some members of the Reddit crypto community have noted that they are eager to reinvest their FTX payouts into the crypto industry. “It’s all getting degen’d straight back into crypto,” one Reddit user commented. With Bitcoin at the forefront of recent inflows into the market, the majority of the payout could as well easily go back into Bitcoin.

Excavo’s analysis noted that the lack of liquidity rotation into altcoins has left many underappreciated, but this could change if a substantial portion of FTX repayments is redirected into the broader crypto market and not Bitcoin.

A crypto analyst, Excavo, has shared his perspective on TradingView, highlighting the potential liquidity shifts that could follow FTX’s creditor payouts and the broader implications for Bitcoin and altcoins.