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FTX and Alameda Move Another $10 Million to Exchanges Wallets linked to the bankrupt companies FTX and Alameda Research have conducted a new round of cryptocurrency transfers, amounting to $10.8 million, to accounts on Coinbase, Binance, and Wintermute. 🔍 According to data (twitter.com) from Spot On Chain analytics, the list includes: GMT ($2.58 million), UNI ($2.41 million), SYN ($2.25 million), KLAY ($1.64 million), SHIB ($644,000), and smaller amounts of ARB and OP. 👀 Since October 24, the cumulative amount of cryptocurrency moved by these organizations has reached $551 million. These transfers are part of FTX and Alameda's ongoing efforts to compensate investors, a process initiated in March 2023.
by DEXWireNews
FTT: Forgive The Trickery - When SEC Overlooks Mischiefs 🎭🔍In a world where market dynamics often border on the theatrical, FTT token finds itself in the spotlight. 🌟 Let's dive into the nuances of this intriguing crypto token, against a backdrop of regulatory oversight and market maneuvers. 📉 A Closer Look at the Charts: Shorting Opportunity at $7.8: Our analysis indicates a ripe shorting opportunity at around $7.8. This level is not just a number; it's a reflection of market sentiment and technical strength (or lack thereof). Breakout Point - "Biden Revives the Zombie": In contrast, there's a breakout level which, if crossed, could lead to a significant surge in FTT's value. We're watching this space closely! 🌐 Contextual Insights: The Binance and FTX Saga: Recent developments have seen traders shifting away from tokens like BNB and FTT. The reasons? Regulatory pressures and market uncertainty. This article sheds more light on the trend. Regulatory Glare: The SEC's recent actions, especially the fine against Binance, have stirred the pot in the crypto world. Adding to this is the continuing saga of FTX and Sam Bankman-Fried, as detailed here. 🚦 Regulatory Oversight or Oversight? The dance between the SEC and crypto entities like FTX is intricate. Are we witnessing a case of "forgive the trickery" as the SEC navigates through a maze of regulatory challenges and market realities? How FTT maneuvers through these turbulent waters, amidst the SEC's gaze, could be a tell-tale sign of its future trajectory. As the crypto market continues its unpredictable journey, FTT stands as a symbol of the complexities and intrigues that define this space. Whether it's regulatory challenges or market dynamics, FTT's path is one to watch. 📈 One Love, The FXPROFESSOR ♡ ps. I would like to go SHORT on this one and post it as a Bearish idea but with Blackrock ready to enter and their need for an American exchange i do not dare... will trade it in due time, no worries!
by FX_Professor
6
BNB Binance Coin The Big Short - CZ to Step Down & Plead GuiltyIf you have`t sold the Bearish Pennand doubled by fundamentals here: or The Next FTX article: Then: Binance Founder Changpeng Zhao to Step Down and Admit Guilt! The CEO of Binance, the world's largest cryptocurrency exchange, is set to resign and plead guilty for violating U.S. anti-money-laundering laws, as part of a deal aimed at allowing the company to maintain its operations, sources familiar with the situation revealed. Changpeng Zhao is expected to make his plea in a Seattle federal court on Tuesday afternoon, according to recently unsealed court records. Simultaneously, prosecutors unveiled charges against Binance, owned by Zhao, for offenses related to money laundering and sanctions. Binance is also slated to plead guilty. Considering these developments, I anticipate a decline in the value of the BNB coin. Curious what are your thoughts on the potential price decrease?
Short
by TopgOptions
FTT/USDT 1D. Channel. Cycles. Accumulation. Idea.Idea on the secondary trend of the FTT token of "scam exchange" FTX. After the FTX scam horizontal channel started to form. There were 2 accumulations zones which lasted each 30 days ~(1 month). After that the pump followed. Now the price is between this 2 accumulation zones(buffer zone) for 3 months already. After first pump local dip formed, after which another pump(2nd wave) followed. This wave formed local cycle at the duration of 32 days. Shown on the chart. Above the chart each period is described. Below - what happened at each point of a new cycle. Lately, after each new cycle(beginning since Aug 18) - we've seen price increase from 30 to 40%. This 3 local pump waves formed an ascending triangle(bullish formation). Next cycle is on Nov. 22. 15 November is the date of listening for FTX case. So, what do you think more likely - rise to somewhere about 2.2022$ zone(89.6% from current)? Or the dump to the support of the "outer" channel to about 0.8088$ zone(-30.81%)? By the way, since the beginning of the last local cycle - we've seen a significant increase in volume(Bitget exchange). Local resistance of the triangle is 1.22-1.33$$ zone.
Long
by TradingTsar
The Black Swan Method- Making TA as a trader is like reading a magical ball but some major unpredictable events are out of control. - i usually accurate most of the time but i should be a fool to think i am always right, it's impossible to make TA in that markets conditions. - So this post is not to make some kind of predictions but to warn peoples on what's going on right now. - i will try to explain very basically the situation (with my bad english skills, so forgive me if i make some mistakes) : 1/ the first attack was based on Luna and UST, some entities started to short UST/Luna with some billions $, FTX and SBF surely did it. Luna tried to save the situation with their BTC reserve but it was effortless. they lost all. (Luna have never been hacked, important to specify this ) 2/ the fail of UST was the first step to create a snowball effect. 3/ 3AC, Celsius, Voyager, and much more were all involved in Luna/UST and Anchor Protocol witch was giving 18% returns on UST. They used customers funds in UST and staked, when the situation started to turn really bad for Luna, they tried to save the situation trading customers funds and they failed. (any of those companies have been hacked, important to specify this ) 4/ FTX used customers funds and started to short their own products, FTT, SOL, SRM, etc , Binance saw the move and twitted that they will drop all their FTT. FTX locked their customers wallets. FTX used 8B$ Customers funds to short markets. they are still right now trying to short USDT on Binance. (FTX have never been hacked, important to specify this). 5/ The snow ball started to be transformed in an avalanche. The damage here is huge. An exchange implosion of this magnitude is a gift to bitcoin haters all over the world. 6/ Sam bankman-fried was a Trojan horse in the crypto space, surely backed by banks and govs, a kind of worm witch have to be eradicated. 7/ Soon bankers will tell you, " u saw what happened with your exchanges ??!!, better use CDBC and stick with Banks!! ", this is their ultimate goal. - i pray for everyone who got caught up in this mess and lost money with those bad actors. - i hope you take care of yourself and continue to be a part of this journey. - i hope it doesn't turn you off of crypto witch are here to stay in the future. - BTC is resilient. No matter the magnitude of the earthquake. - Buy BTC - Store in Ledger, Trezor or Paper Wallet. - Hodl and come back later. Have faith in what you believe and fight. Thanks for reading! PS : Not sure this post will get me banned or censored, but at this point the freedom of speech is an human right.
KRAKEN:BTCUSDLong
by thecryer
24
FTT - will be 20$? (ukrainian language in video, read describe)If you turn on 4 hours and look at the FTT chart, you will see how much the majority of the miners were breaking and taking their coins, I'm sure that the market makers have about 90% of all coins, which allows them to drive the price very high without any interference. Any price, any bullish trend has distribution stages, we will be selling on the 4th distribution stage. That is, strong growth, a sideways drain, further growth, and so on until there are 3 such stages, then we will think about exiting the coin. Most people will start buying back FTT when it is already very high and when FTX is bought back, it will be the time to think about where to fix, but before that, after the buyback, I will expect another 300-700% pumping
Long
by FTT_TRADER369
🔥FTX RESTART CAN SEND THE TOKEN TO NEW HIGHSFTT has $300M cap altcoin can easily grow by a 5-10x pump to $1-3B cap on exchange restart. The bankrupt crypto exchange plans to repay its creditors in fiat. Let me remind you that they recovered $7 billion worth of assets to it's customers. It seems to me that this is the preparation for the restart (FTX 2.0). Low of the channel is a good place to add FTT to your portfolio. Top of the channel is a good place to reduce your number of FTX tokens. 💥ready? The wide liquidity gap is waiting for FTX2.0.
F
by Alex_Dehtiarov
6
Satochi -- IS THERE A HUGE INCREASE COMING ON FTT?Thank you for reading our update. Please keep in mind that this is not trading advice. There is still a 400M market cap + max supply and it's not possible to mint more coins. Will we witness a similar impact on Luna's price, like the one it experienced when it increased to $7 after the huge fall? What could be the reason behind the data showing buy orders at $11 USD on FTT? Typically, it seems unlikely that Luna has a chance of rebounding to $11 after such a significant decline, especially given the current trends in this risky coin, FTT. Data and technical analysis (TA) play a crucial role in trading, sometimes offering insights into patterns. Is there a substantial price increase anticipated in the upcoming days for FTT? We will closely monitor FTT to see if it can achieve a price increase.
Long
by SatochiTrader
FTT (FTX) WHY THE CHART TA SHOWING A INCREASE?Thank you for reading our update. Please keep in mind that this is not trading advice. FTT is considered one of the riskier cryptocurrencies. After its recent drop, it has remained relatively stable for a while. The latest data suggests that FTT could potentially rise back to the $2 level. Should we view this technical analysis alert as a chance for the coin to rebound? Trading always involves uncertainty, so we'll keep an eye on FTT in the near future to see if it unexpectedly climbs back to $2. There is a high market cap that still is activating on the FTT.. 'Is there a news known that we don't know, or is this just a fake signal from the TA.. we will see.
Long
by SatochiTrader
2
SOLANA LONG TERM (1D)Solana is in the news of late due to the worry that FTX will have to sell their holdings in SOL and Solana based altcoins. Solana tokens account for $128m out of the $1.5b in assets on the Solana network held by FTX. The fear is that a dump of these coins would be detrimental to the altcoins price. For me the chart is simple. When we look at the 1D chart there is a clear mini range we're working with. Large wicks at the high and low of the range, at the midpoint there is a small bearish FVG just above. I believe this is where we will trade for the remainder of this year. Now that we're at the 0.25 line and looking to react off it, I could see a retest of the midpoint, and if a SFP after tagging the FVG I would look to target the demand zone for a long term hold. For the next bullrun Solana is definitely a large cap alt that is set up to be one of the top gainers. With an ATH of $260, we are already at a great long term hold entry point. However, the best spot buy is in the demand zone. A sweep and reclaim would be great for the bull run to come. The supply zone may be difficult to fill in the next few months, given the FTX news, general market/macro sentiment and recession fears. I would expect a retest to come in Q1 of 2024. If we don't tag the demand zone and move into the supply zone that would be a good short opportunity in my mind. Overall, this is a complicated matter. The token itself has huge potential to reach its ATH in the coming years, but Solana must weather this storm successfully in order to get the chance to reach its potential. Buying blood and being patient will be rewarding.
by ProR35
#SOL/USDT 6h (OKX Futures)Ascending trendline breakdown & retestSolana printed an evening star below 100EMA resistance and is pulling back to it, a rejection seems likely from it. ⚡️⚡️ #SOL/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Short) Leverage: Isolated (6.0X) Amount: 5.0% Current Price: 19.520 Entry Targets: 1) 19.649 Take-Profit Targets: 1) 17.691 Stop Targets: 1) 20.302 Published By: @Zblaba CRYPTOCAP:SOL OKX:SOLUSDT.P #Solana #PoS solana.com Risk/Reward= 1:3.0 Expected Profit= +59.8% Possible Loss= -19.9% Estimated Gaintime= 5-10 days
Short
by TradingOn
This is the Bottom $btc Bitcoin Fibonacci levels from historic lows, to significant tops. Note that at the .786 level, and anything lower, (note as well the potential 30% drawdown lasting up to 2 months that can occur at significant cycle bottoms) has historically been the bottom for the cycle. We might front run the bottom though and fill up before we reach say $10,000 or lower. The 2018 bear market bottom showed no journey into sub .786 levels, which again would almost certainly be the most optimal long entry point (low end of .786 and anything sub.) Further, THE MOST SIGNIFICANT RISK to take in end of the year 2022, would be an under exposure to the brave new asset, or stocks in general as the fed is forced into dovish expression. the fed has a money printer
BNC:BLXLong
by xueq
BNB Binance Coin PT| Binance vs SEC Lawsuit | Whales DumpingIf you haven`t read my article about Binace being the new FTX: The you need to know that Binance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws. The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community. Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities. Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market. Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May. The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty. These developments collectively cast a shadow over the cryptocurrency market's near-term prospects. In this context, my price target for BNB Binance Coin is $184. Looking forward to read your opinion about it!
Short
by TopgOptions
MATIC Polygon Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices. Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure. Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks. Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment. Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market. Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply. Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market. Considering the above, my Price Target for MATIC Polygon is $0.41. Looking forward to read your opinion about it.
MShort
by TopgOptions
BIT BitDAO Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices. Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure. Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks. Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment. Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market. Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply. Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market. Considering the above, my Price Target for BIT BitDAO is $0.32. Looking forward to read your opinion about it.
BShort
by TopgOptions