Altseason Loading? Analyst Explains How FTX $5B Distribution May Trigger The Next Bull Leg
Bitcoin and Ethereum are nearing critical resistance levels, with analysts predicting an upcoming Altseason as bullish momentum builds despite macroeconomic uncertainties. Over $5 billion in stablecoins will be distributed to FTX creditors, representing nearly 2% of the total stablecoin supply, which is expected to remain within the crypto ecosystem. Many investors who held through the FTX collapse are likely to reinvest their regained funds into the market. Bitcoin is targeting $120K, while Ethereum is challenging the $3,000 mark, setting the stage for capital to flow into high-beta altcoins. The distribution of liquidity on May 30th is seen as a potential catalyst for significant market movement, with pro-crypto narratives gaining traction and regulatory progress underway.
