Bitcoin Has Moved On From the FTX Saga: Here's Why
The cryptocurrency market experienced significant turmoil following FTX's collapse in Q4 last year, intensifying the bearish woes. In the latter half of November 2025, Bitcoin faced a price drop. But is Bitcoin really over the FTX saga? Here's what we know.
Resilience and Recovery
Despite the initial shockwaves, Bitcoin has demonstrated remarkable resilience. Will Bitcoin, for instance, currently changes hands for nearly four times what it was as FTX suspended withdrawals, showcasing a significant rebound.
Liquidity Injection: $5 Billion Reimbursements & a New All-Time High?
One crucial factor driving Bitcoin's recovery is the prospect of substantial reimbursements from the FTX trust. Why Is $5 Billion In Reimbursements Bullish For Bitcoin: New All-Time High Soon? Put simply, these repayments from the FTX trust will lead to a huge liquidity injection into the crypto market. This influx of capital can significantly boost Bitcoin's price and potentially pave the way for a new all-time high.
On-Chain Data Supports the Bullish Trend
According to on-chain data, a significant amount of supply was moved when Bitcoin was trading around its lows. A recent tweet by Reflexivity Research’s Co-Founder highlighted this activity, suggesting strong investor confidence and accumulation during the downturn.
Bitcoin Approaches Highs: Crypto Moves on From ‘Sorry Episode’ of SBF
The cryptocurrency market has rebounded in recent weeks, with bitcoin BTCUSD and other digital assets almost recovering their losses since the collapse of the FTX. Bitcoin Approaches Highs as Crypto Moves on From ‘Sorry Episode’ of SBF. The biggest cryptocurrency set a record high recently, further solidifying the narrative that the market is moving past the FTX debacle.
Remaining Fallout?
Has Bitcoin moved on from the FTX saga? Is there anymore fallout for BTC from the FTX and SBF turmoil? Coverick helped to shed some light on why the estate didn’t immediately sell its crypto holdings, suggesting a strategic approach to minimize market disruption. While the repercussions might linger in terms of regulatory scrutiny (Crypto transactions being reviewed), the direct impact on Bitcoin's price appears to be diminishing.
Conclusion
While the FTX collapse undoubtedly left its mark, Bitcoin has shown impressive strength and a capacity to recover. Fueled by potential liquidity injections, positive on-chain data, and renewed investor confidence, Bitcoin seems to have moved on from the FTX saga, setting the stage for a potentially bullish future.