Main to remember
What is the impact of the $ 1 billion in FTX $ 1.6 billion dollars?
Payment of the FTX will increase liquidity, but it is unlikely that it will trigger a bullish break. The markets remain cautious on the seasonal back wind of October.
How is the USDT activity exactly?
The supply of the USDT has jumped by $ 6 billion in the last 30 days, but at the end of September, has seen an outing of $ 1.7 billion, reporting a continuous rotation far from risk assets.
FTX creditors (FTT) entered the third stage of Stablecoin payments.
For the context, within the framework of its reorganization plan for Chapter 11, the exchange of bankruptcy crypto has regularly reimbursed the creditors, injecting billions of stablescoins to three distribution events so far.
In its latest announcement, FTX established on September 30 as the kick -off of the third stage, eligible creditors should draw $ 1.6 billion via Bitgo, Kraken or Payoneer.
“FTX announced today that it should distribute around 1.6 billion dollars in its third distribution to authorized complaint holders in the convenience and non-advisory courses that fulfilled the pre-distribution requirements on September 30, 2025.”
Of course, the deployment of $ 1.6 billion turned alongside the flood of $ 5 billion in May which has led to significant liquidity on the market. However, traders still call it “a perfect timing”, on the seasonal back wind of October.
Here is why: The first week of June ended with a Shakeout Barsish while the high caps have cracked support. This time, the seasonal edge is perhaps the only stamp against a replay, putting featured in early October for volatility peaks.
FTX payment falls on a market in search of management
The FTX deploys an injection of stablecoin of $ 1.6 billion in the midst of an undecided market.
Supporting this, the Fear and Greed index plunged into the “fear” area twice in September, the last decline at 40 marking the lowest four months.
Meanwhile, Tether (USDT) strategically registered his supply.
In the past 30 days, the USDT supply has jumped by around $ 6 billion to $ 174 billion. The result? The end of September saw major outings, with $ 1.7 billion USDT leaving the 25, marking the highest since April Fud.


Source: Glassnode
In short, the touch capital does not run in risk assets, firmly keeping the market in risk mode.
Payment of FTX could stimulate liquidity, but it is unlikely that it stimulates a bull movement. In addition to this, the probability of a rate cutting increased to 89.3%, against 91.9% last week, showing that the markets do not buy the seasonal back wind of October.
In this context, FTX’s stablecoin injection is more like a liquidity patch than a market booter.