## $16B May Flow Into Crypto in Q3 đ±
**FTX Cash Distribution Alert**
A staggering $16 billion might pour into the cryptocurrency market in Q3, largely due to the #FTX cash distribution. However, this influx won't be in BTC, ETH, SOL, or any other crypto. Instead, returns will be distributed in stablecoins based on November 2022 prices.
Imagine holding 1 BTC valued at $16k thenâyou'll get $16k, not the current $56k. Here are two key dates to watch:
- **August 16, 2024:** Deadline for voting on FTX bankruptcy
- **October 7, 2024:** Potential approval of FTX bankruptcy plan
### Market Impact
The expected returns at the end of Q3, coupled with the global focus on the US election, could spark a bull market. Historical inflows have shown significant price surges:
**$BTC:**
- *January 8:* $210M inflow, +5% in a day
- *February 26 - March 4:* $1.139B inflow, +32%
**$ETH:**
- *November 9, 2023:* $100M inflow, +10%
- *April 8:* $217M inflow, +8%
**$SOL:**
- *March 11 - March 21:* $634M inflow, +25%
### Potential Heights
Given these historical trends, the anticipated $16B inflow could push crypto prices significantly higher. Stay informed, stay prepared, and watch how these factors unfold.
#FTX #CryptoInflows #BullMarket #BTC #ETH #SOL #CryptoTrends #BinanceReferralProgram #LayerZero #CPIAlert #Write2Earn