“Cryptocurrency Altcoin Crash Is Coming: Matrixport”

“At least $3.4 billion worth of crypto is likely to be sold by FTX so it can return fiat currency to its users instead of tokens, which should create an overhang for altcoins for the rest of the year, Matrixport said in a report Monday.

The crypto services provider noted that FTX has said it wanted to sell $200 million worth of crypto assets a week. This means the bankrupt crypto exchange will continue to sell assets until the end of 2023…”

https://finance.yahoo.com/news/cryptocurrency-altcoin-crash-coming-matrixport-082505546.html

I don’t know if I agree with this headline. There’s not much hype at the moment surrounding crypto and its been like that for a while. Most of the “normies” are probably already out of the market by this point. People in crypto for the long term are not likely to sell unless they’re forced to. I’m sure the markets will dip some because there will be a minority that is forced to sell but overall I dont think crypto, even the alts are going to tank or crash.

I could be wrong but I doubt it. If anything most of the people in crypto are waiting for the crash. It’s the opposite of what analyst think.