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๐—•๐—œ๐—š๐—š๐—˜๐—ฆ๐—ง ๐—˜๐—ฉ๐—˜๐—ก๐—ง ๐—ข๐—™ ๐—ง๐—›๐—œ๐—ฆ ๐—ช๐—˜๐—˜๐—ž ๐Ÿš€ #CPI data is coming on Thursday at 6 p.m. IST ๏ฟผ ย  CPI Expectations: 3.1% ย  This CPI data will be crucial. ๏ฟผ If the CPI data comes in higher than expected, ๐˜ณ๐˜ถ๐˜ญ๐˜ฆ ๐˜ฐ๐˜ถ๐˜ต ๐˜ข๐˜ฏ๐˜บ ๐˜ฎ๐˜ฐ๐˜ณ๐˜ฆ ๐˜ต๐˜ฉ๐˜ข๐˜ฏ ๐˜ฐ๐˜ฏ๐˜ฆ ๐˜ณ๐˜ข๐˜ต๐˜ฆ ๐˜ค๐˜ถ๐˜ต ๐˜ต๐˜ฉ๐˜ช๐˜ด ๐˜บ๐˜ฆ๐˜ข๐˜ณ. ย  ๏ฟผ If CPI data comes in lower than expected, ๐˜ต๐˜ฉ๐˜ฆ๐˜ฏ ๐˜ช๐˜ต ๐˜ฎ๐˜ข๐˜บ ๐˜ฐ๐˜ฑ๐˜ฆ๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฅ๐˜ฐ๐˜ฐ๐˜ณ ๐˜ง๐˜ฐ๐˜ณ ๐˜ข September ๐˜ณ๐˜ข๐˜ต๐˜ฆ ๐˜ค๐˜ถ๐˜ต. ย  What are your CPI expectations? ๏ฟผ #Crypto #FOMC #Bitcoin #SOFR_Spike #cpi #CPI_DATA #BTC_Bounce_Back_to_57k $BTC
๐—•๐—œ๐—š๐—š๐—˜๐—ฆ๐—ง ๐—˜๐—ฉ๐—˜๐—ก๐—ง ๐—ข๐—™ ๐—ง๐—›๐—œ๐—ฆ ๐—ช๐—˜๐—˜๐—ž ๐Ÿš€

#CPI data is coming on Thursday at 6 p.m. IST ๏ฟผ ย 

CPI Expectations: 3.1% ย  This CPI data will be crucial. ๏ฟผ If the CPI data comes in higher than expected, ๐˜ณ๐˜ถ๐˜ญ๐˜ฆ ๐˜ฐ๐˜ถ๐˜ต ๐˜ข๐˜ฏ๐˜บ ๐˜ฎ๐˜ฐ๐˜ณ๐˜ฆ ๐˜ต๐˜ฉ๐˜ข๐˜ฏ ๐˜ฐ๐˜ฏ๐˜ฆ ๐˜ณ๐˜ข๐˜ต๐˜ฆ ๐˜ค๐˜ถ๐˜ต ๐˜ต๐˜ฉ๐˜ช๐˜ด ๐˜บ๐˜ฆ๐˜ข๐˜ณ. ย  ๏ฟผ If CPI data comes in lower than expected, ๐˜ต๐˜ฉ๐˜ฆ๐˜ฏ ๐˜ช๐˜ต ๐˜ฎ๐˜ข๐˜บ ๐˜ฐ๐˜ฑ๐˜ฆ๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฅ๐˜ฐ๐˜ฐ๐˜ณ ๐˜ง๐˜ฐ๐˜ณ ๐˜ข September ๐˜ณ๐˜ข๐˜ต๐˜ฆ ๐˜ค๐˜ถ๐˜ต. ย  What are your CPI expectations? ๏ฟผ #Crypto #FOMC #Bitcoin #SOFR_Spike #cpi #CPI_DATA #BTC_Bounce_Back_to_57k $BTC
$16B may inflow in crypto in Q3 The reason for this is #FTX cash distribution. But they won't return money in #BTC , ETH, SOL, or any other crypto. Instead, they will get the return on stables based on the price of November 2022. Imagine you held 1 BTC there, the price was $16k. You won't get $56k, but $16k. There are also 2 important dates to keep an eye on: โ—พ August 16, 2024 - Deadline for voting on FTX bankruptcy โ—พ October 7, 2024 - FTX bankruptcy plan may be approved How can it affect the market? As I said, returns are expected to happen at the end of Q3. Plus, at that point, the world will follow the US election. These 2 events may create a bull market Even by looking at previous ups after inflows: BTC: โ—พ January 8th, inflow of $210M. Price rose by +5% in a day โ—พ February 26th - March 4th, inflow of $1.139B. Price rose by +32% ETH: โ—พNovember 9th, 2023, inflow of $100M. Price rose by +10% โ—พ April 8th, inflow of $217M. Price rose by +8%. SOL: โ—พMarch 11th - March 21st, the inflow of $634M. Price rose by 25% How high we can go this time? #CPIAlert #MtGoxJulyRepayments #LayerZero #Megadrop
$16B may inflow in crypto in Q3

The reason for this is #FTX cash distribution.

But they won't return money in #BTC , ETH, SOL, or any other crypto.

Instead, they will get the return on stables based on the price of November 2022.

Imagine you held 1 BTC there, the price was $16k.

You won't get $56k, but $16k.

There are also 2 important dates to keep an eye on:

โ—พ August 16, 2024 - Deadline for voting on FTX bankruptcy

โ—พ October 7, 2024 - FTX bankruptcy plan may be approved

How can it affect the market?

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

Plus, at that point, the world will follow the US election.

These 2 events may create a bull market

Even by looking at previous ups after inflows:

BTC:

โ—พ January 8th, inflow of $210M. Price rose by +5% in a day
โ—พ February 26th - March 4th, inflow of $1.139B. Price rose by +32%

ETH:

โ—พNovember 9th, 2023, inflow of $100M. Price rose by +10%
โ—พ April 8th, inflow of $217M. Price rose by +8%.

SOL:

โ—พMarch 11th - March 21st, the inflow of $634M. Price rose by 25%

How high we can go this time?

#CPIAlert #MtGoxJulyRepayments #LayerZero #Megadrop
๐‘ฉ๐‘ป๐‘ช ๐‘ฉ๐’Š๐’ˆ๐’ˆ๐’†๐’”๐’• ๐‘ช๐’“๐’‚๐’”๐’‰ ๐‘ฐ๐’” ๐’€๐’†๐’• ๐‘ป๐’ ๐‘ช๐’๐’Ž๐’†๐Ÿšจย  This is what bears will always say, but remember that corrections are part of a crypto cycle. ย  The same happened in 2017 and 2021, so don't panic and use this opportunity to accumulate. #Bitcoin #BTC #Altcoins #MtGox #MtGoxJulyRepayments #SOFR_Spike #CPIAlert #IntroToCopytrading
๐‘ฉ๐‘ป๐‘ช ๐‘ฉ๐’Š๐’ˆ๐’ˆ๐’†๐’”๐’• ๐‘ช๐’“๐’‚๐’”๐’‰ ๐‘ฐ๐’” ๐’€๐’†๐’• ๐‘ป๐’ ๐‘ช๐’๐’Ž๐’†๐Ÿšจย 

This is what bears will always say, but remember that corrections are part of a crypto cycle.
ย 
The same happened in 2017 and 2021, so don't panic and use this opportunity to accumulate.

#Bitcoin #BTC #Altcoins #MtGox #MtGoxJulyRepayments #SOFR_Spike #CPIAlert #IntroToCopytrading
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