JUST IN: FTX will begin a new distribution of $2.2 billion to its creditors, bringing the total repaid to nearly $10 billion.

While some of that capital could return to the crypto market via Bitcoin or XRP, the current context of extreme fear, geopolitical tensions, and macroeconomic pressure suggests that the impact on prices may be more limited than some expect.
The FTX Recovery Trust will distribute $2.2 billion on March 31, with cash payments valued at November 2022 prices.