FTX Plans $2.2B Bitcoin Distribution Amid $70K Price and Options Trap Near $75K

FTX will distribute $2.2 billion to creditors between March 31 and April 3, coinciding with Bitcoin holding above $70,000. This large distribution may increase sell pressure as Bitcoin faces a fragile resistance zone near $74K-$75K with a $2 billion options cluster. Market watchers should monitor Bitcoin’s next move around $75,000, which could trigger volatility towards either $80,000 or a drop to $60,000 amid macroeconomic uncertainties.