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Interest rate cuts confirmed, Bitcoin remains strong, limited opportunities for altcoins???
In the second half of the year, the Federal Reserve's interest rate cuts are basically a certainty; it's just a matter of how many times. Hong Kong stocks may have peaked in the short term, while U.S. stocks may have bottomed out in the short term. Smart money will choose a new direction, and those who understand will know.
Despite the spread of global panic, Bitcoin remains stable, proving its resilience. BTC will oscillate upwards amidst bearish sentiment until the final surge. Altcoins will only have speculative space when BTC is in an upward trend.
Those currently cutting losses and being bearish on BTC are destined to miss out. The market plummeted yesterday, and some hot coins failed to seize the opportunity in time. The same-name coin on the BSC chain is also struggling to benefit from the SOL chain. Currently, #Figure on the SOL chain has reached 4 million, while the BSC chain is still in the internal market, trying to gain a market cap of hundreds of thousands, with entrants accepting positions that could go to zero.
In the second half of the year, the Federal Reserve's interest rate cuts are basically a certainty; it's just a matter of how many times. Hong Kong stocks may have peaked in the short term, while U.S. stocks may have bottomed out in the short term. Smart money will choose a new direction, and those who understand will know.
Despite the spread of global panic, Bitcoin remains stable, proving its resilience. BTC will oscillate upwards amidst bearish sentiment until the final surge. Altcoins will only have speculative space when BTC is in an upward trend.
Those currently cutting losses and being bearish on BTC are destined to miss out. The market plummeted yesterday, and some hot coins failed to seize the opportunity in time. The same-name coin on the BSC chain is also struggling to benefit from the SOL chain. Currently, #Figure on the SOL chain has reached 4 million, while the BSC chain is still in the internal market, trying to gain a market cap of hundreds of thousands, with entrants accepting positions that could go to zero.
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12 Million SOL Set to Be Unlocked: What Will the Market Do?
In the upcoming months of March and April, 12 million SOL will be unlocked, raising concerns about selling pressure in the market. Notably, this large amount of SOL is related to FTX, the exchange that has gone bankrupt and is in the process of repaying users.
Origin of 12 Million SOL from FTX
Back in 2020, when FTX was one of the leading exchanges, they purchased 58 million SOL from Solana Labs and the Solana Foundation with various unlock schedules. After declaring bankruptcy, FTX had to liquidate assets to pay off debts, leading to a large auction of $SOL to various institutions:
Origin of 12 Million SOL from FTX
Back in 2020, when FTX was one of the leading exchanges, they purchased 58 million SOL from Solana Labs and the Solana Foundation with various unlock schedules. After declaring bankruptcy, FTX had to liquidate assets to pay off debts, leading to a large auction of $SOL to various institutions:
Figure secures $200M investment from Sixth Street
#Figure received a $200M investment in equity and formed a joint venture with #SixthStreet, a private equity firm with over $100B in assets under management. Through an investment from Sixth Street, Figure will access additional liquidity and an “always-on” programmatic bid for its assets, while the joint venture provides liquidity to Figure’s users and facilitates the securitization of its loans.
Figure is a blockchain-based technology platform built to enhance efficiency and transparency in financial services. Figure Connect is powered by the #Provenance Blockchain, which onboards all of Figure’s loans and is the world’s largest originator of Real World Assets.
👉 cointelegraph.com/news/sixth-street-backs-blockchain-lender-figure-investment
#Figure received a $200M investment in equity and formed a joint venture with #SixthStreet, a private equity firm with over $100B in assets under management. Through an investment from Sixth Street, Figure will access additional liquidity and an “always-on” programmatic bid for its assets, while the joint venture provides liquidity to Figure’s users and facilitates the securitization of its loans.
Figure is a blockchain-based technology platform built to enhance efficiency and transparency in financial services. Figure Connect is powered by the #Provenance Blockchain, which onboards all of Figure’s loans and is the world’s largest originator of Real World Assets.
👉 cointelegraph.com/news/sixth-street-backs-blockchain-lender-figure-investment
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48,520,648,567 Bankruptcy auction of 11.2 million SOL tokens will be unlocked on March 1, 2025
These tokens are worth approximately 2 billion USD and were sold through three auctions during FTX's bankruptcy proceedings, with major buyers including institutions like 990940410960803676495888692399351
Due to the scandal involving Argentine President Milei, market confidence in SOL has been shaken, and short-selling pressure has increased! 16,955,902,485
02,720,398,140
These tokens are worth approximately 2 billion USD and were sold through three auctions during FTX's bankruptcy proceedings, with major buyers including institutions like 990940410960803676495888692399351
Due to the scandal involving Argentine President Milei, market confidence in SOL has been shaken, and short-selling pressure has increased! 16,955,902,485
02,720,398,140
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