$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:

◾ August 16, 2024 - Deadline for voting on FTX bankruptcy

◾ 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:

◾ January 8th, inflow of $210M. Price rose by +5% in a day

◾ February 26th - March 4th, inflow of $1.139B. Price rose by +32%

$ETH :

◾November 9th, 2023, inflow of $100M. Price rose by +10%

◾ April 8th, inflow of $217M. Price rose by +8%.

SOL:

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

How high we can go this time?