Altseason Loading? Analysts explain how the distribution of $5 billion from FTX could trigger a bull run.

As Bitcoin and Ethereum hover near important resistance levels, market sentiment is shifting rapidly. Analysts are currently calling for an upcoming Altseason, with bullish momentum forming broadly, even as macroeconomic instability continues to shake global markets. Despite rising treasury bond yields and geopolitical tensions, cryptoassets are showing strength and altcoins seem poised to benefit next. Top analyst Axel Bitblaze has highlighted May 30 as a potentially decisive moment in this cycle. This week, over 5 billion in stablecoins will be distributed to FTX creditors—a large liquidity injection that accounts for nearly 2% of the entire stablecoin supply. Unlike previous events, this capital is expected to remain within the cryptoassets ecosystem. Most of these investors remain in crypto despite the collapse of FTX. Now, as they regain access to their funds, many are likely to reinvest that capital back into the market. With Bitcoin targeting $120,000 and Ethereum challenging the $3,000 resistance level, this phase is set for capital to flow into high beta altcoins and drive an Altseason. Altcoin Strong Setup Before FTX Liquidity is Pumped with 5 Billion USD The collapse of FTX at the end of 2022 was a catastrophic event, marking the peak of the previous bear market. It caused mass panic, billions of dollars in liquidations, and the ultimate capitulation that set the bottom of the cycle. Although devastating in the short term, it paved the way for recovery. Now, nearly two years later, May 30 could become the most significant day of this new phase. This week, FTX is distributing over $5 billion in stablecoins to creditors—a long-anticipated move in the bankruptcy process. These payments account for nearly 2% of the total stablecoin supply and will flood the market in a single wave. But this is not just idle money returning to passive holders. Most of these users have remained in crypto throughout the storm. They did not leave—they adapted, held on, and now they are regaining liquidity in a bullish context.

There couldn't be a better time. Ethereum is bullish, approaching an important resistance level, and if broken, it could confirm a major move for altcoin. Bitcoin is hovering near its all-time high, altcoin is attracting serious attention, cryptoasset advocacy stories are heating up in Washington, and regulatory progress is finally taking place. Everything is aligning at once. Bitblaze explains that this $5 billion capital return could be the exact catalyst the market needs. In his view, this sudden liquidity supply could push Bitcoin up to $120,000—and unlock the altseason that traders have been waiting for. Ethereum Aims for Breakthrough Target of $2,700 as Altseason's Uptrend is Forming Ethereum (ETH) is currently trading at $2,638, consolidating just below the important resistance level at $2,700. After a strong bullish run at the beginning of May, ETH has maintained its gains and formed a solid base above the EMA 34 (2.331 dollars) and the major moving averages. The 200-day SMA, at a level of $2,697, currently serves as an important resistance level for price action. A clear breakthrough above this level would mark the first time regaining the long-term trend line since the bullish cycle continues, potentially opening up strong continuation for ETH and the altcoin market in general.

The volume has remained stable throughout this consolidation phase, indicating buyer interest and positioning ahead of a decisive move. The structure of ETH shows higher lows and strong bullish follow-through, suggesting momentum is building just beneath the surface. If Ethereum can close above $2,700 with conviction, it not only confirms the breakout but could also trigger a broader market rotation into altcoins. Historically, ETH surpassing major resistance levels is a strong leading indicator for altcoin season. With Bitcoin hovering near ATH and macro conditions supportive of digital assets, ETH's next move could be the spark that ignites a new bullish wave of altcoins across the board.