menu
techminis

A naukri.com initiative

google-web-stories
source image

Newsbtc

1w

read

168

img
dot

Crypto Markets Brace For $5 Billion FTX Liquidity Shock: Expert

  • Crypto market anticipates a $5 billion liquidity shock as FTX bankruptcy proceeds are distributed to creditors on May 30.
  • Crypto analyst Miles Deutscher predicts the influx of stablecoins will be redeployed within the ecosystem, potentially pushing Bitcoin to $120,000 and triggering an alt-season setup.
  • Market participants believe the $5 billion injection of liquidity is not yet fully priced in, highlighting the event as a significant liquidity boost for the digital asset space.
  • The impact of the funds once distributed remains uncertain, with varying allocations expected towards Bitcoin, Ethereum, stablecoins, and speculative altcoins, contributing to an expansionary effect on the market.

Read Full Article

like

10 Likes

For uninterrupted reading, download the app