What can I say guys another historically grim day in crypto. I really hope no one was affected but I am sure that considering the seer size of ftx and alameda you are probably affected.
I must say I remain extremely cautious.As CZ highlighted yesterday the deal is non-binding and he can pull out at any time We really don’t know the true extent of the hole at FTX / Alameda Alameda was worth around 14Bn$ is the hole 1bn 2bn 10BN?! I really don’t know but I expect theres a line CZ is willing to draw when it comes to filling a hole and I am sure if the line is crossed or the investors and the depositors will definitely take a cut just like the traditional banks that’s what I think at least .
Alameda is also entrenched in many other projects,they could be leveraged on many platforms there’s just to many unknowns and I’d rather let the dust settle before making any moves.
We also have CPI tomorrow – another key volatility catalyst.
One thing to watch is solana. Alameda had many Sol locked and unlocked almost 1 billion dollars worth of $SOL that they will try to liquidate.
https://twitter.com/awice/status/1590297044065087489?s=46&t=e5Z3cu2mJDxFkRl6JiX-hw
- awice
Also FTX changed silently it’s term of use after the Luna crush from 16 pages to 69 pages and added a clause of no deposit protection .
All day yesterday I was trying to find things that could given us a clue of what could happen and I found this
https://twitter.com/sbf_ftx/status/1587080196292837376?s=46&t=j5GwP6VV-eiwe9iUqOfyNw
- sbf_ftx
SBF was trying desperately to make people buy FTT but regularly doing this posts in order to pump the price
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Taken from this tweet
https://twitter.com/bitcoin2100m/status/1590339400969654273?s=46&t=j5GwP6VV-eiwe9iUqOfyNw
- bitcoin2100m
