Big money is coming back 🐳
📈 FTX will begin its second round of distributions on May 30 — over $5 billion will be released to creditors across BitGo and Kraken. Some classes are getting as much as 72% or even 120% of their claims. That’s real liquidity heading back into the market.
This is a massive bullish unlock. Unlike 2022, when users were panic-selling, now many are ready to redeploy. I expect to see flows into majors, especially Bitcoin and ETH 😮
Meanwhile, BTC is coiling just below resistance. The chart shows massive sell walls in the $104k–105k zone. If bulls can punch through, the path to $111k opens up, clearing the way to a new all-time high 📈