FTX plots begin, but encryption market tanks in response to this

After months of waiting, the FTX plots have finally started. However, despite the wide -ranging beliefs that this will be a bullish reference, the encryption markets are red today.

The FTT icon, which is not intended for Excination for a short period, has increased, and continued to obtain major payment ads. However, it fell hard, as analysts fought to provide a clear prediction for the future.

FTX plots start finally

When Major Crypto Exchange FTX collapsed in 2022, huge shock waves were sent via the entire industry. The repercussions of the same incident faded mostly, but one major case remained: compensation for creditors.

After years of recession, progress was built for a few months, and former FTX users began to report that their payment will finally come.

However, the worrying trend has evolved in the market today. After FTX started the road to release, most society supposed This will be a bullish incentive.

In essence, the initial payment phase will inject $ 1.2 billion of liquidity into the market directly through the hands of veteran merchants. Certainly, the prevailing thought went, and this would largely lead to the prices of juicy assets.

However, FTX plots began, and she looks at anything unsuccessful. The distinguished code, FTT, recently imposed the market by obtaining the largest assets.

FTT for a short period Rise According to this trend, but it has already drowned. Meanwhile, the largest encryption spreads unified negative returns.

The reaction of many prominent industry analysts was already with alert. In theory, the FTX seasons were supposed to emerge. Altcoin season.

Users were paid based on the value of their symbols in 2022, with the attached interest rate. This will generally be less than their growth rate, which encourages investment in the future. However, this did not happen.

These are some of the most difficult conditions for a long time. This is more like a typical transformation than the bottom of surrender. The amount of ups that we get now crazy. A few months ago we were flying on such titles. But it cannot even falsify the markets. Just explains how the request has dried up. He said Through social media Pillars.

Some factors may explain this lack of momentum. First of all, the encryption markets are very chaotic at the present time, and the current landmark has not helped anything.

Second, Meme coins swallowed a lot of demand for Altcoin, which led to the inhibition of enthusiasm for many symbolic projects. Investors who may have chosen this altcoins in 2022 have other plans today.

Above all, however, we are in an unprecedented moment. Last year, Bitcoin’s investment funds were broken in all of the previous Halvings.

Since then, the transfer of institutional investment in Crypto to its highest level ever, and we have been living in a billion dollar world. FTX plots did not cause the required effect, and no one knows its actual effect. Everything is in the air.