Will this impact crypto market? ✍️

Good evening to all my friends. I hope you all are doing well. Guys crypto market is going through a rough patch. Btw today FTX started to repay the due amount and in next few days, 6 to 7 billion USD is expected to flow into the market, primarily invested in Bitcoin. Starting today, creditors will begin receiving their crypto, based on the value it had at the time of the FTX collapse. This means that if someone had 1 Bitcoin when it was valued at $11,000, they will get it back at that price, even though Bitcoin is now valued much higher. Most of the funds will likely go to retail investors, who typically prefer altcoins over Bitcoin due to the higher growth potential. However, in times of uncertainty, investors may hesitate to invest, preferring to wait for the market to stabilize or invest in undervalued assets.

If the 6 to 7 billion USD is invested in Bitcoin, it could significantly increase its market cap, potentially pushing Bitcoin’s value to around $100,000. However, there is also a chance that some of this money will be cashed out rather than reinvested, meaning the market might not see the expected impact. In the best-case scenario, if the funds are reinvested, we could see a market recovery, especially in altcoins or upcoming ETFs in the next few weeks. That's it for today. Thanks & hope for the best!!

@abfarhan