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 .

Source: Coin Edition