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FTX creditors are set to receive $5 billion in stablecoin repayments starting May 30, potentially injecting fresh liquidity into crypto markets. Analyst Miles Deutscher predicts this could catalyze Bitcoin’s rise to $120,000 and trigger an altcoin rally. The timing aligns with bullish market conditions and pending stablecoin regulations.
- FTX creditors to receive ~$5B in stablecoin repayments starting May 30, representing ~2% of total stablecoin supply.
- Analyst predicts most funds will be redeployed into crypto (BTC, ETH, alts) rather than cashed out, creating 'net new liquidity.'
- Event timing aligns with Bitcoin near ATHs, ETH outperforming BTC, and potential US stablecoin regulation progress.
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