Crypto exchange FTX has announced its plans for creditor repayments, with $16 billion allocated for payouts starting in February 2025. Phase 1 will distribute $6.5 to $7 billion in new liquidity, fully repaying creditors with claims below $50,000 and offering 9% annual interest. FTX Token (FTT) is currently trading at $1.97, experiencing a decline in the last 24 hours but with increased trading volume. The token has strong support at $1.90, but a break below this level could test support at $1.75. Resistance is near $2.10 and a bullish breakout could push FTT toward $2.30. The RSI and CMF indicators suggest bearish momentum and capital outflows, but a shift toward bullish momentum could occur if certain thresholds are crossed. FTT is currently facing downward pressure, but improved sentiment and increased volume could lead to a recovery and higher price levels in the near future.



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