10 Myths About Me & FTX
1) Myth: FTX was insolvent / $8b vanished
Prosecutors to jurors: I had "more debts than assets"; "there's this giant, massive, unrepayable hole"
Debtors to my judge/Congress: my claim "FTX was solvent" is "false"; I "lost $8b of customer money"
Media to you: "the money is gone"
Truth: FTX was solvent & is repaying customers 119-143%
FTX could afford to repay in kind, until lawyers paid themselves $1b to:
- quickly dismantle the estate
- slowly repay customers
https://t.co/8GIAWdIxfO
https://t.co/XA7kaSPMV3
Weekly Update: $BTC
This past week, the crypto market faced pressure from the German government's actions but quickly returned to an uptrend following the election dynamics after Trump's assassination attempt. CoinKarma's Overall Liquidity (LIQ) indicator accurately reflected these market shifts.
We observed a green zone forming between $54K and $56K, which was followed by an 18.5% surge in BTC. Just today, a red warning signal was triggered right before the news about Mt. Gox fund transfers.
CoinKarma's Overall LIQ indicator is a powerful tool for tracking the crypto market. Red signals caution, green indicates optimism, and gray is neutral.
Make smarter trades with data-driven insights. Sign up for free now! 👉https://t.co/BD8EVVPol0
+-20% liquidity on Binance orderbook
green area = bid>5000 BTC & bid>3*ask
red area = bid<ask
Precisely indicating every dip and top since 2021Q4
Will post when it turns red again