💲16,000,000,000 coming into Market 😍

🚀 $16 billion could flow into the market in Q3, thanks to FTX's upcoming cash distribution. Unlike traditional returns, investors will receive stablecoin-based returns pegged to November 2022 prices, not current values.

🗓️ Key dates to watch:

- August 16, 2024: Deadline for voting on FTX's bankruptcy.

- October 7, 2024: Potential approval of FTX's bankruptcy plan.

What does this mean for the market? With returns expected by the end of Q3 and the US election looming, we might see a bullish trend. Previous inflows triggered notable spikes:

- BTC saw a +32% rise with a $1.139B inflow in February.

- ETH jumped +10% with a $100M inflow in November 2023.

Could history repeat itself? Stay tuned as these developments unfold!

#FTX #Bitcoin #Ethereum✅ #SOLETF #CryptoMarket #BullishTrend