OldmanCrypto
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**May 30 could be a pivotal moment for the current crypto market cycle.**
According to Axel Bitblaze, FTX will repay over $5 billion in stablecoins to creditors this week, representing ~2% of the global stablecoin supply. This massive liquidity injection could significantly impact market flows and sentiment.
Most recipients are crypto loyalists who stayed post-collapse, likely to reinvest in Bitcoin, Ethereum, altcoins, restaking, or new opportunities like farming or infrastructure projects.
With ETH surging, BTC near its highs, altcoins gaining momentum, and pro-crypto narratives growing in the U.S. amid favorable legislative developments, this $5 billion could be the catalyst for Bitcoin to break $120,000 and spark a true Altseason. Watch May 30 closely—it may mark the start of a new bullish wave.
#Altseason
According to Axel Bitblaze, FTX will repay over $5 billion in stablecoins to creditors this week, representing ~2% of the global stablecoin supply. This massive liquidity injection could significantly impact market flows and sentiment.
Most recipients are crypto loyalists who stayed post-collapse, likely to reinvest in Bitcoin, Ethereum, altcoins, restaking, or new opportunities like farming or infrastructure projects.
With ETH surging, BTC near its highs, altcoins gaining momentum, and pro-crypto narratives growing in the U.S. amid favorable legislative developments, this $5 billion could be the catalyst for Bitcoin to break $120,000 and spark a true Altseason. Watch May 30 closely—it may mark the start of a new bullish wave.
#Altseason
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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