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Will BTC stay high long enough to support selling off these assets? Will suddenly selling 13 billion in crypto's create a red candle? Yes.
by bearjaws 2y ago
Will BTC stay high long enough to support selling off these assets?
Will suddenly selling 13 billion in crypto's create a red candle? Yes.
- stubish 2y agoPer the very short article, the assets are not crypto. It even says the crypto is missing, which is interesting. "it has been gathering the funds to pay its debts by selling assets investments held by Alameda Research or FTX Ventures businesses ... almost all of the Bitcoin and other digital currencies believed to have been held by the exchange at the time of its collapse were missing"
- bdcravens 2y agoIt'll probably stay stuck around $60k for a while. It's worth noting that when FTX collapsed, the price was closer to $20k.