It is hard to tell what will happen in the future but one thing is certain the future of the Bitcoin market will be both bullish and bearish because crypto is a speculative and highly volatile market.
In terms of news, the FTX token sale case may appeal in September. However, the market's ability to absorb a $200 million sell-off remains uncertain. Key events, including the FTX case and economic data, are being closely watched.
The FTX sale will happen this month but we're talking about $3.4 Billion worth of cryptocurrency will be dumped not the $200 million you said below are the crypto list.
$SOL: $1,160,000,000
$BTC: $560,000,000
$ETH: $192,000,000
$APT: $137,000,000
$XRP: $119,000,000
$BIT: $49,000,000
$STG: $46,000,000