FTX’s massive payout plan can impact Bitcoin’s price THIS way

FTX has unveiled a plan to repay creditors up to $16.3 billion, potentially revitalizing the crypto market. This repayment, which could cover 98% of its creditors, is seen positively by analysts from K33 Research, suggesting a bullish market for the latter half of 2024. The repayments, primarily in cash, might offset selling pressures from other crypto-based repayments, creating a balanced market dynamic. However, the timing of these payments is crucial and remains under court review, with most disbursements expected later this year.