Analysts are predicting an incoming Altseason as bullish momentum strengthens across the crypto market amid global economic uncertainty.
FTX's distribution of over $5 billion in stablecoins to creditors on May 30th is expected to fuel market liquidity and potentially trigger Altseason.
The timing aligns well as Ethereum eyes a breakout above $2,700, which could signal a broader rally for altcoins supported by increasing market momentum.
Top analyst Axel Bitblaze believes the $5 billion return of capital could propel Bitcoin towards $120K and initiate the much-anticipated altseason for traders.