FTX plans to pay creditors between 12 billion and 16 billion US dollars in cash compensation from the fourth quarter of 2024 to the first quarter of 2025. This payment is expected to be a significant source of buying pressure in the crypto market. Previously, crypto analysts pointed out that despite facing multiple bearish factors such as the impact of the MT.GOX incident, FTX's compensation plan and other bullish factors like rate cuts and new accounting rules may propel the crypto market to new highs.

Odaily Planet Daily News: Tom Dunleavy, former senior research analyst at Messari, stated on X platform, "In October and November this year, FTX will provide creditors with 12 to 16 billion US dollars in cash. Essentially, I believe this is all buying pressure." Prior to this, crypto analyst Ash Crypto expressed concerns about the MT.GOX crash and other bearish factors, but some factors will drive the crypto market to new highs. For example, FTX plans to distribute over 16 billion US dollars to its creditors, with the following schedule: - August 16: FTX client voting deadline; - October 7: Judge Dolley to approve the plan. If the court approves, FTX will repay creditors within two months, according to the schedule, this will occur in the fourth quarter of 2024 to the first quarter of 2025, aligning perfectly with other bullish factors such as rate cuts, Financial Accounting Standards Board accounting rule implementation, and the results of the U.S. election. Given that most FTX clients are crypto enthusiasts, the massive $16 billion will enter the crypto market and become the biggest catalyst for price increases.

FTX plans to pay up to 16 billion US dollars to creditors, which is expected to boost the crypto market.