A $5 #billion payout could push altcoins higher

#FTX plans to pay out more than $5 billion to approved creditors on May 30. This is one of the largest single payouts in the history of cryptocurrency bankruptcies.

Some analysts believe this liquidity could revitalize the altcoin market in June. The funds received could go into new investments.

At the beginning of May there was reason for optimism, from May 7 to May 13 bitcoin's dominance slipped sharply from 65.5% to 62.2%. This is almost a 5% drop in a week, and against the background of such movements there were talks about the possible start of the altcoin season.

But from May 14 to May 20, the situation changed: BTC dominance rose again by 3%, which almost completely canceled the previous pullback and showed that the capital is returning back to bitcoin.