Nearly Half of Korean Crypto Investors View FTX Payouts as Negative
- 41.7% of Korean crypto investors perceive FTX payouts as a bearish development, attributing this sentiment to the fading effect of the initial catalyst
- The second round of repayments to FTX creditors is planned for May 30, with over $5 billion expected to be returned
- Nearly 80% of FTX creditors plan to reinvest their repayments into cryptocurrencies
A survey by CoinNess and Cratos shows that 41.7% of Korean crypto investors perceive FTX payouts as a bearish development, attributing this sentiment to the fading effect of the initial catalyst. Almost 27% of participants have the opposite view, predicting a bullish effect due to the boost in liquidity.
The second round of repayments to FTX creditors is planned for May 30, with over $5 billion expected to be returned.
Korean Investor Sentiment: Mixed on Bitcoin, More Stable Market Hopes
The survey revealed some other interesting details as well, mainly that 37.6% of respondents think Bitcoin’s value will increase by a solid margin this week. Although, this is a decrease considering that last time, 49.4% of people had similar thoughts about Bitcoin’s growth.
On the other hand, more Korean users think …
The post Nearly Half of Korean Crypto Investors View FTX Payouts as Negative appeared first on Coin Edition.
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Nearly Half of Korean Crypto Investors View FTX Payouts as Negative
- 41.7% of Korean crypto investors perceive FTX payouts as a bearish development, attributing this sentiment to the fading effect of the initial catalyst
- The second round of repayments to FTX creditors is planned for May 30, with over $5 billion expected to be returned
- Nearly 80% of FTX creditors plan to reinvest their repayments into cryptocurrencies
A survey by CoinNess and Cratos shows that 41.7% of Korean crypto investors perceive FTX payouts as a bearish development, attributing this sentiment to the fading effect of the initial catalyst. Almost 27% of participants have the opposite view, predicting a bullish effect due to the boost in liquidity.
The second round of repayments to FTX creditors is planned for May 30, with over $5 billion expected to be returned.
Korean Investor Sentiment: Mixed on Bitcoin, More Stable Market Hopes
The survey revealed some other interesting details as well, mainly that 37.6% of respondents think Bitcoin’s value will increase by a solid margin this week. Although, this is a decrease considering that last time, 49.4% of people had similar thoughts about Bitcoin’s growth.
On the other hand, more Korean users think …
The post Nearly Half of Korean Crypto Investors View FTX Payouts as Negative appeared first on Coin Edition.
Read More
Solana Price Prediction Hits $500 by 2029, Says Standard Chartered, but Ethereum May Outperform Until 2027