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🚨 BREAKING 🚨
$2 billion USDT created in under 24 hours.
WHALES GETTING READY FOR BITCOIN ETF
#etf
#USDTUpdate
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JUST IN: 🇦🇷 Argentina's President Javier Milei says he didn't promote a crypto scam coin. "I didn't promote it, I shared it."
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No-one want to talk about $2 billion worth of $SOL unlocks that are about to hit the market? Genuine question: What alt coin can absorb that amount?
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ETH showcasing some strength here. Should be seeing this momentum continue untill $3000 short term at least. Overall speaking we are trading in this huge $2000-4000$ channel which has acted as a massive magnet once each top or bottom has been hit. We've touched $2000 early this month. Current move and trajectory favors the move up towards $4000 now. ETH strength = altcoin strength
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As of late 2024, public pension funds and state treasuries in 12 🇺🇸 US states held a combined 💵 $330M in Strategy shares. California leads with $83M, followed by the state's public employee retirement fund ($76M).
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Almost $7B in FTX repayments start in 2 days. All in $ and not assets in the hands of crypto degens. A honest perspective: - Yes this is good and will help a little. - No, this single event won't make the entire market turn around and go up-only from here. Not all of those funds will return to the market. However, a good portion will (degens will always stay degens). A few billion isn't enough to go to Valhalla but again it will be a liquidity injection boost nonetheless (especially because there's another $10B to be credited later on as well). A full on positive reversal in the market and another leg-up is still on the table. It just won't solely come from FTX repayments as a contributing factor. But again, it helps.
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