A Tuesday report from the digital asset brokerage firm K33 suggests that repayments from the collapsed crypto exchange FTX might have bullish effects on the crypto market. 

"While Mt. Gox and Gemini creditor repayments represent a bearish overhang in the market, FTX’s cash repayment may be viewed as a bullish overhang," K33 wrote in the report. 

"Both Mt. Gox and Gemini will reimburse creditors in-kind, whereas FTX has sold off assets to pay creditors in cash," K33 continued. "On net, buying pressure from cash recipients may neutralize selling pressure from in-kind repayments." In-kind repayments entail repaying debt with a good or service instead of cash, and buying pressure describes the market demand for a crypto asset. 

FTX owed its top 50 creditors around $3.1 …