There is exciting good news!
Mentougou did not choose to convert the 8 billion into fiat currency before repaying, but directly repaid it with Bitcoin.
It should be noted that these creditors are veteran veterans who have been through many battles, and the currency circle has a strong bull market expectation this year. Therefore, most people will not sell the currency to the market immediately after receiving it. In this case, the real selling pressure may be only about 20 to 30 billion.
Furthermore, FTX will also start the repayment process in October. But the difference is that this repayment is returned in fiat currency, not cryptocurrency, after all, FTX's currency has been sold out. Because of this, FTX's repayment will inject a huge amount of funds into the market, and many people are very likely to re-invest in the crypto field after receiving the money. After all, there is an extremely strong bull market expectation at the end of the year, so in October, FTX's tens of billions of buying orders will surge into the market. This major positive factor that has been ignored by most people will continue to explode when the negative impact of Mentougou's repayment is over and FTX releases funds to enter the market.
