$3B Crypto Sell-Off Looms, Could Tank The Market, Predicts Analytics Firm

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Benzinga

An analytics firm has raised concerns over a potential $3 billion sell-off in the cryptocurrency market. This anticipated liquidation event, linked to FTX’s upcoming offloading of vast crypto holdings, could significantly impact market dynamics. The anticipation of this massive liquidation by IntoTheBlock came amidst a backdrop of various notable events in the crypto space. Traditional finance institutions have been progressively making strides to introduce crypto-based products. A notable example is Grayscale, which has the Grayscale Bitcoin Trust (OTC: GBTC), and its recent triumph of gettin…

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