FTX Repayments
FTX Creditors with claims <$50k ~ $1.2bn
FTX has credited the distribution providers - Kraken /Bitgo - with FTX creditor funds
FTX creditors will receive the distribution on 18 Feb 2025
Claims <$50k get 20.5% interest from the petition date - 11 Nov 2022
#Bitcoin ๐ฏ๐ฏ
Buy below the band and sell at the top looks easy but most will not make it. Why???
The liquidity cycle looks like this. When BTC reach the buy zone, people have no money to buy. Only the wealthy buy because they have capital.
At the top people actually have capital to buy this is why we reach Euphoria. This is also when the wealthy sells.
This is the way! Plebs get rekt. Liquidity goes to the wealthy. Rich get richer and poor gets poorer.
Statistic on the "Rule of 10 Best Days" from @bitwise research popularized by @fundstrat:
In the past 5 yrs, removing the top 5 return days drops the #bitcoin total return from 348% to 83%. Remove the top 10 return days, the whole 348% is wiped out and becomes a 10% loss.