Q3 Crypto Inflows Could Reach $16 Billion

The reason is FTX cash distribution.

But they will not return the funds in the form of BTC, ETH, SOL or any other crypto.

Instead, they will receive a steady return based on the price in November 2022.

Imagine you hold 1 BTC there and the price is $16,000.

You will not get $56,000, but $16,000.

There are 2 more important dates to watch:

August 16, 2024 - FTX bankruptcy vote deadline

October 7, 2024 - FTX bankruptcy plan may be approved

How will it affect the market?

As I said, the returns are expected to happen at the end of Q3.

In addition, by then, the world will be watching the US election.

These two events could create a bull run

Even by looking at the previous rises after inflows:

BTC:

January 8, $210 million inflows. The price rose by +5% in one day

From February 26 to March 4, $1.139 billion flowed in. The price rose by +32%

ETH:

On November 9, 2023, $100 million flowed in. The price rose by +10%

On April 8, $217 million flowed in. The price rose by +8%.

SOL:

From March 11 to March 21, $634 million flowed in. The price rose by 25%

The current market is volatile. Whether you are keen on Heyue or spot, you can check the introduction to find me. After the sharp drop in the market, I am also optimistic about several potential coins and are ready to lay out.

Why not join me to capture the next wave of opportunities in the market.

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