FTX Repayments Begin, Yet Crypto Market Tanks in Response | Airdrop Alert Pro

After several months of waiting, FTX paid off its creditors finally started. However, despite the widespread belief that this will be a bullish signal, the cryptocurrency market is still in red today.

The exchange’s deactivated FTT token was briefly nailed and continued to be obtained along with the major reimbursement announcement. However, this is difficult as analysts work hard to make clear predictions about the future.

FTX repayment has finally begun

When the big encrypted communication FTX collapses in 2022it has caused a huge shock wave throughout the industry. The consequences of the crash itself have mostly subsided, but there is still a key issue: creditor reimbursement.

After years of stagnation, progress Has been built for several monthsand previous FTX users have started reporting that their repayments have finally emerged.

However, a worrying trend has already developed in the market today. back FTX starts issuing repayment pathmost communities assumed Then As a bullish incentive.

Essentially, this initial repayment phase will directly inject $1.2 billion into the market through senior merchants. Of course, the general idea happened and it would be juicing a lot.

However, FTX repayments have begun and it doesn’t look like it is apart from bullish ones. The platform has a universal token, ftt, Shocked the market recently By obtaining, the maximum assets decline.

A brief nail Following this trend, but it has sunk. Meanwhile, the largest crypto group is issuing unified negative returns.

Several prominent industry analysts have already caused an alarm response. In theory, FTX repayment should foreshadow Altcoin Season.

According to the token value in 2022, the user’s interest rate is repaid. This is usually below its growth rate, encouraging future investments. However, this did not happen.

“These are the trickiest conditions for navigation in a long time. It feels more like a paradigm shift than a surrender bottom. The bullish news we’re getting right now is crazy. A few months ago, we’ll be on board like this Headlines. But that can’t even relax the market. It just shows how demand is dry.” Analyst Miles Deutscher explain Through social media Posts.

Some factors may explain this lack of motivation. first, At present, the crypto market is very chaoticthe existing bearish momentum is not helpful at all.

second, Meme coins swallow a lot of altcoin demandsuppressing the enthusiasm of many token projects. Investors who may choose these Altcoins in 2022 have other plans today.

But, most importantly, we are in an unprecedented moment. Last year, Bitcoin ETFs led to breaking the trend in half of all previous over-middle trends.

Since then, institutional investment in cryptocurrencies has flown to its all-time high and we live in a billion dollar world scam. FTX repayments did not cause the expected effects, and no one knew their actual impact. Everything is in the air.