On July 8, crypto analyst Ash Crypto wrote that people are worried about the MT. GOX slump and other bearish factors, but some factors will push the crypto market to new highs, such as FTX's plan to distribute more than $16 billion to its creditors. August 16: The deadline for FTX customer voting. October 7: Judge Dorsey makes a decision on plan approval. If approved by the court, FTX will repay creditors within two months, according to the schedule, this will occur between the fourth quarter of 2024 and Quarter 1 2025, which is a perfect match with other positive factors such as interest rate cuts, FASB accounting rule implementation, and the US election results. Given that most FTX customers are cryptocurrency enthusiasts, a huge amount of money of $16 billion will enter the cryptocurrency market and be the biggest catalyst for price increases.