The long -awaited payments of FTX creditors are start today February 18 after more than two years of bankruptcy. This payment, which is the first party, is focused on aiming at smaller creditors. Nevertheless, payment can have several revenues on the cryptographic industry, especially if creditors receive payments in cryptography.

Has a cryptographic analyst, excavo, he shared his perspective In TradingView, emphasizing potential liquidity changes that can after the payment of FTX creditor and broader consequences for bitcoins and altcoins.

FTX payments start: How does this affect the cryptographic market?

FTX has confirmed that creditor repayments will start on February 18, starting with those in the category of creditors in the convenience class with claims of USD 50,000 or less. These creditors will receive full repayment plus an additional 9% annual interest accrued from November 2022, in total withdrawals of around $ 1.2 billion.

In the case of creditors with larger claims exceeding $ 50,000, payments will start in the second quarter of 2025, and FTX plans to pay $ 7 billion under In total, a larger payment of $ 16 billion. How recorded by excavoThe importance of these payments goes beyond individual investors, because the redistribution of these funds can transform liquidity flows on the cryptographic market.

If creditors receive payments in crypto and decide to sell, it may cause pressure to the market. However, most of the repayments are expected to be cash and now you can see how investors will invest them again. The first thought is that most of these payments will return to Bitcoin, which would cause the Bitcoin price rally.

However, with billions on the market, a significant part It can flow to the altcoinsEspecially if ETFs ETFAKING receive adjustment approval later in 2025. Scroll capital to other altcoins Like Cardano, Dogecoin, XRP, and especially Solana. Excavo analysis has noticed that the lack of fluidity to Altcoins has left many underestimated, but this may change if a significant part of the FTX repayments is redirected to a wider cryptographic market, not bitcoins.

Will Bitcoin advance or rally in response to FTX repayments?

. Total repayment of ftx It is expected that creditors will exceed $ 16 billion, and most are cash repayments. Injection of billions of dollars can cause fresh shopping pressure if it is invested to the market again. It can be argued that this is a general consensus among stubborn investors.

For example, some members of the Reddit cryptographic community have noticed that they will gladly invest their FTX payments in the cryptographic industry again. “Everything that returns to cryptography.” Commented on one Reddit user.

WITH Bitcoin at the forefront last inflows to the market, most of the payout He might as well come back on Bitcoin. Excavo’s cryptographic analyst thinks differently, noting that most of the repayment of FTX flowing back will enter the Altcoin market.

At the time of writing, Bitcoin trades for USD 95,300, which is a 0.75% decrease in the last 24 hours.

A distinguished picture from Unsplash, tradingview.com chart