FTX FALLOUT: The reason why BTC did not get to 100k in the Bull Market - Crypto Consulting Institute
bitcoin
Bitcoin (BTC) 4,672,109.57
ethereum
Ethereum (ETH) 245,486.65
tether
Tether (USDT) 70.00
bnb
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solana
Solana (SOL) 11,848.27
staked-ether
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FTX FALLOUT: The reason why BTC did not get to 100k in the Bull Market

🚨 Altcoin Dump Alert! FTX Unleashes Crypto Avalanche 🚨

Hold on to your digital wallets, folks! The crypto scene is buzzing with news that FTX, the notorious player in the crypto world, is about to drop a colossal load of altcoins into the market. Let’s dive right into this seismic development with all the details you need.

📈 FTX’s Explosive Growth in 2022: First things first, FTX had an explosive year in 2022, and its influence had a hand in pushing Bitcoin down to that dreaded $15,000 low. The crypto universe was never the same again.

🧮 A Daunting Debt Situation: Now, here’s where the plot thickens. FTX finds itself in a rather sticky situation, needing to settle substantial debts. The crypto community is abuzz with speculation that they might just offload their entire mountain of altcoins onto the market. But, hold your horses; it’s not that simple.

💼 Locked and Loaded: Many of these altcoins are “vested,” meaning they are locked away for a specific duration. Solana enthusiasts, in particular, are watching this closely, as FTX currently holds a staggering $685 million worth of Solana in their coffers. If this hits the market right now, brace for Solana’s nosedive below $10.

🕰️ Time is the Key: The saving grace here is that a significant portion of Solana and other tokens are locked away until around 2028. It’s safe to assume that FTX can only sell around $200 million worth of assets each week. They’re likely to spread the selling across the board to minimize the market impact.

📉 Implications for Solana: If you’re a Solana holder or own any of the lesser-known crypto assets on their list, you should be worried. Millions of dollars worth of these tokens hitting the market, especially in its relatively illiquid state, is cause for concern.

📊 Solana’s Future Outlook: Looking at the Solana chart, the scenario is becoming increasingly likely that Solana will experience further downward movement. We’re eyeing those robust support and liquidity zones around $15 and $14. It’s almost like a self-fulfilling prophecy; the market will react due to the thin order books.

In this high-stakes crypto game, being informed is your best armor. Keep a watchful eye on the developments, stay ahead of the curve, and protect your investments wisely. We’ll keep you posted as this intriguing saga unfolds. 📈💰 #CryptoNews #FTX #AltcoinDump #MarketInsights

bitcoin
Bitcoin (BTC) $ 66,761.89
ethereum
Ethereum (ETH) $ 3,507.87
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 593.85
solana
Solana (SOL) $ 169.31
staked-ether
Lido Staked Ether (STETH) $ 3,508.23
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.573343
the-open-network
Toncoin (TON) $ 7.30
dogecoin
Dogecoin (DOGE) $ 0.125652

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I am Joe, CEO and Founder of Crypto Consulting Institute, Australia's top-rated crypto education company. With my passion for finance and years of stock market experience, I have helped thousands of investors transition to sophisticated investors using my proven 5 Pillar Investment System. Our team has created over $55 million in profits to date, and we continue to grow.

My alternative thinking and education in cryptocurrencies since 2014 allowed me to quit my day job and follow my passion of investing and helping others achieve financial freedom. With my success, I have been featured on NASDAQ, Channel Ten, Channel Nine, and Dollars With Sense TV, as well as speaking at global events such as Barclays Bank in London and the Bitcoin and Blockchain Fair.

Recently, I was headhunted by Tradesmith, a US-based investment technology company tracking over $30 billion in clients' invested capital. I now help traditional investors safely invest in the digital asset economy. My success and expertise in the industry speak for themselves, and I am dedicated to continuing to help others achieve their financial goals.

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I am Joe, CEO and Founder of Crypto Consulting Institute, Australia's top-rated crypto education company. With my passion for finance and years of stock market experience, I have helped thousands of investors transition to sophisticated investors using my proven 5 Pillar Investment System. Our team has created over $55 million in profits to date, and we continue to grow.

My alternative thinking and education in cryptocurrencies since 2014 allowed me to quit my day job and follow my passion of investing and helping others achieve financial freedom. With my success, I have been featured on NASDAQ, Channel Ten, Channel Nine, and Dollars With Sense TV, as well as speaking at global events such as Barclays Bank in London and the Bitcoin and Blockchain Fair.

Recently, I was headhunted by Tradesmith, a US-based investment technology company tracking over $30 billion in clients' invested capital. I now help traditional investors safely invest in the digital asset economy. My success and expertise in the industry speak for themselves, and I am dedicated to continuing to help others achieve their financial goals.

Hear What Our Clients Are Saying

Zero knowledge of cryptocurrencies? This man became a millionaire. Anything is possible with the right education in place!

Mark went from having zero knowledge of cryptocurrencies to turning $150k into $3Million in 4 months, whilst recovering from an illness!

The bank wouldn't give him a home loan even though he was working 2 jobs! Until CCI entered, and give the right strategy.

Adrian hits his first $1M in crypto within 3 months of working with us!

Well 10 days after we shot this, he hit his second million. And now just 16 months later, he has surpassed $15 MILLION USD!

For most people, this level of returns are unfathomable.

We simply gave him the tools and crypto strategies and Adrian ran with it!

I am not suggesting that all of our clients are performing on this level.

CCI simply demonstrating that we are incredible at helping people achieve their full potential.

Age doesn't MATTER! - A 72 Year Old Crushes It In Crypto

Some people think crypto is too ‘difficult’…

Well Peter completely dismissed that though and transitioned a large holding of his stock portfolio to gain exposure to this revolutionary asset class.

In this video Peter outlines how his portfolio exploded!

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I am Joe, CEO and Founder of Crypto Consulting Institute, Australia's top-rated crypto education company. With my passion for finance and years of stock market experience, I have helped thousands of investors transition to sophisticated investors using my proven 5 Pillar Investment System. Our team has created over $55 million in profits to date, and we continue to grow.

My alternative thinking and education in cryptocurrencies since 2014 allowed me to quit my day job and follow my passion of investing and helping others achieve financial freedom. With my success, I have been featured on NASDAQ, Channel Ten, Channel Nine, and Dollars With Sense TV, as well as speaking at global events such as Barclays Bank in London and the Bitcoin and Blockchain Fair.

Recently, I was headhunted by Tradesmith, a US-based investment technology company tracking over $30 billion in clients' invested capital. I now help traditional investors safely invest in the digital asset economy. My success and expertise in the industry speak for themselves, and I am dedicated to continuing to help others achieve their financial goals.

Hear What Our Clients Are Saying

Zero knowledge of cryptocurrencies? This man became a millionaire. Anything is possible with the right education in place!

Mark went from having zero knowledge of cryptocurrencies to turning $150k into $3Million in 4 months, whilst recovering from an illness!

The bank wouldn't give him a home loan even though he was working 2 jobs! Until CCI entered, and give the right strategy.

Adrian hits his first $1M in crypto within 3 months of working with us!

Well 10 days after we shot this, he hit his second million. And now just 16 months later, he has surpassed $15 MILLION USD!

For most people, this level of returns are unfathomable.

We simply gave him the tools and crypto strategies and Adrian ran with it!

I am not suggesting that all of our clients are performing on this level.

CCI simply demonstrating that we are incredible at helping people achieve their full potential.

Age doesn't MATTER! - A 72 Year Old Crushes It In Crypto

Some people think crypto is too ‘difficult’…

Well Peter completely dismissed that though and transitioned a large holding of his stock portfolio to gain exposure to this revolutionary asset class.

In this video Peter outlines how his portfolio exploded!