💣 FTX throws 5 BILLION $ into the market today! Is the liquidity wave coming? 🧵👇
🔥 FTX begins the distribution of over 5 BILLION $ in stablecoins today!
📆 Who needs to recover over 50,000$ and has completed the necessary steps by April 11... cash in!
📊 This payment represents almost 2% of the entire stablecoin market!
💧 Big impact on liquidity. Could the fuses for altcoins be reignited? 👀
👛 What do I suspect creditors will do with the money?
✔️ Convert to fiat (cash)
✔️ Reinvest in crypto (HOPE 🤑)
✔️ Or... hodl for better times
Anything is possible when you receive thousands (or millions) in stablecoins 💵
📈 What does it mean for the market?
👉 Increases liquidity
👉 Possible capital rotation towards altcoins
👉 👑 #Bitcoin and #ETH could receive an indirect boost
🚀 Everything depends on what those receiving the money choose to do.
📌 Distribution will be completed in 1–3 business days after May 30.
⚠️ Note: we are talking about people who have lost large sums and now need to recover.
Some sell immediately. Others will "recover" through leverage.
📉📈 Volatility on steroids is coming!
👇 Tell me in the comments what you think will happen:
💰 Altseason start
😱 Dump
🫣 Nothing