According to a report from The Block, research firm K33 Research believes that the debt repayment plan of the defunct cryptocurrency exchange FTX “may be seen as a bullish factor” as cash repayment could trigger the recipients’ demand for purchasing coins, further offsetting the selling pressure caused by the physical repayment of Mt. Gox and Gemini.
K33: FTX's Cash Repayment May Trigger Buying Demand, Bullish on Cryptocurrency Market's Year-End Performance