Degen

1/ What happens when FTX starts paying creditors? 💸
Billions of dollars are about to hit the market on February 18, 2025.

Reinvestments? Market impact? Let’s break it down. 👇

Farcaster OG | FID: 10174 | @fireflyapp Ambassador | /bnfarcaster 🎙 in Spanish  | https://www.youtube.com/@DiscoveryCaster

2/ The 1st distribution will release $1.2B to creditors with claims under $50k:
📆 18 Feb 2025, 10am ET
👉 $800M for KYC-approved claims.
👉 $345M pending KYC.

This is just the start of what could shake up the markets. 🚨

4/ Here’s why this matters:
FTX liquidated their assets during the bear market, selling at lower prices.
Now they’re paying creditors in cash—at a time when we’re in a bull market. 📈

Will creditors reinvest? And if they do, how much impact will this have?

5/ Billions in cash. Bullish market conditions. Higher prices.
Will this fuel another rally, or will creditors sit this one out?

Are we underestimating the market impact of FTX’s repayments?

3/ For claims over $50k (totaling $17B+):
Payouts will happen in stages, with the first distributions likely coming in Q2 2025.

This isn’t just a repayment; it’s a potential game changer for liquidity. ⏳