#BitwiseBitcoinETF Currently, many are wondering whether the crypto cycle, such as Bitcoin and recent altcoins, has peaked and whether it is time to sell their assets to buy back at lower prices, or whether this dip is a good buying opportunity.

According to analyst Satoshi Stacker, one of the most important macroeconomic factors affecting both crypto and traditional markets is the anticipated interest rate cut from the Federal Reserve (FED).

Although Fed Chair Jerome Powell and other officials have stated that their decisions are dependent on upcoming data, they have made some optimistic comments following May and June data that showed a disinflationary trend.

Market Sentiment

The analyst highlights a major bullish catalyst that has received little attention: FTX creditors are expected to receive around $16 billion in cash payments by the end of this year.

It is estimated that much of this money will be reinvested in crypto, potentially driving up market prices. Even if only a small portion of this money were to come back into the market, it could generate billions of dollars of buying pressure, especially in altcoins that require less capital for significant price movements.