🚨FTX's $16 Billion Cash Distribution Could Boost Bitcoin and Solana
✅ The FTX bankruptcy could have unexpected effects on the crypto market. As the defunct exchange prepares to redistribute $16 billion to its aggrieved customers, experts predict significant buying pressure on Bitcoin and Solana. This massive injection of liquidity could well boost a market that has been in decline for several months.
🚨A welcome influx of capital for Bitcoin and Solana
✅The distribution planned by FTX represents a considerable windfall for the crypto ecosystem. According to researcher Xremlin, a significant portion of this $16 billion should be reinvested in digital assets. Investors, already familiar with this market, could indeed be tempted to bet on cryptos again.
✅This massive influx of liquidity comes in a bear market context. Bitcoin has lost more than 20% of its value over the past month, while Solana has fallen by 22%. The injection of new capital could therefore act as a catalyst and revive the bullish momentum that investors have been waiting for.
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