The most bullish news right now, overshadowed by a flood of fear and negativity, are the newly issued FTX bankruptcy documents.

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The most bullish news right now, overshadowed by a flood of fear and negativity, are the newly issued FTX bankruptcy documents.

By: DrProfitCrypto (Twitter)
Creditors (Former investors and traders) are set to get back approximately $16 billion USD starting from October to November this year. This cash will inject massive inflow into the market. Compare this to the German government’s selling of $1.5 billion sale that is causing chaos right now. Let me repeat, markets expect an inflow of $16bn in USD, but is scared because of a total of $3bn USD the Germans are willing to sell? Imagine the explosive impact when crypto investors get their hands on $16 billion USD. The market hasn't priced in this positive news yet, making it even more bullish. I guess you will read these kind of news here first. As most of Twitter analysts are riding the bearish side, which will be their downfall and time will tell.

Scenario 1: Market makers will pump the market hard, to make sure the $16 billion enters at a peak, or won’t enter at all, or only at a high price before a correction. Expect targets between $86,000 and $92,000 just before creditor repayments.

Scenario 2: As my followers know, I’m predicting bullish times for Q3 and Q4, with targets between $80,000 and $100,000 this year, extending into 2025. This $16 billion could flood the market amid FOMO and euphoria, driving prices even higher and cause more euphoria in the markets

No matter what scenario is going to happen more or less, the price targets for #BTC remain in the mentioned region of $80,000 – $100,000 in the absolute worst case. The amount of the FTx re payments is x5 bigger than the amount the German government previously been holding ($3bn)

submitted by /u/Hashrules71000
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