Show

Simply

Cosmos

<p>Doctor Profit, a crypto trader, recently took to Twitter to address the widespread concerns about FTX’s potential liquidation of assets worth billions on September 13th. According to <a href="https://twitter.com/DrProfitCrypto/status/1701099691797082271?t=XZLjbhA1RxpXgMzj5JFhkA&amp;s=31" target="_blank" rel="noopener noreferrer nofollow">@DrProfitCrypto</a>, the fears surrounding this event are largely unfounded and are contributing to unnecessary market panic.</p> 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2023/09/FTX-1024x573.jpeg" alt="" class="wp-image-333055" srcset="https://captainaltcoin.com/wp-content/uploads/2023/09/FTX-1024x573.jpeg 1024w, https://captainaltcoin.com/wp-content/uploads/2023/09/FTX.jpeg 300w, https://captainaltcoin.com/wp-content/uploads/2023/09/FTX-768x430.jpeg 768w, https://captainaltcoin.com/wp-content/uploads/2023/09/FTX-1536x860.jpeg 1536w, https://captainaltcoin.com/wp-content/uploads/2023/09/FTX-2048x1147.jpeg 2048w, https://captainaltcoin.com/wp-content/uploads/2023/09/FTX-268x150.jpeg 268w, https://captainaltcoin.com/wp-content/uploads/2023/09/FTX-100x56.jpeg 100w, https://captainaltcoin.com/wp-content/uploads/2023/09/FTX-625x350.jpeg 625w, https://captainaltcoin.com/wp-content/uploads/2023/09/FTX-788x441.jpeg 788w" sizes="(max-width: 1024px) 100vw, 1024px"> 
</figure> 
<p>Firstly, Doctor Profit points out that even if the court grants approval for the sale of FTX assets on September 13th, the execution of this sale won’t happen immediately. He suggests that a structured framework will be in place for selling these tokens, potentially at a rate of $200 million a week. This would make it unlikely for the SEC and CFTC to sit idly by while FTX “dumps” assets in a way that could destabilize the market.</p> 
<p>Secondly, he raises questions about the platform where these assets will be liquidated. Doctor Profit doubts that Binance will be involved, as it’s not legally permitted to liquidate these types of assets directly through government channels on the secondary market. Instead, an underwriter will likely manage the liquidation process, ensuring compliance with laws and regulations while also conducting risk assessments and finding buyers, most likely in the OTC market. This process, he notes, could take months and is not something that should induce panic.</p> 
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:"> 
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"> <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i> 
  <div class="rh-colortitle-inbox-label">
    Trade on US-Banned Exchanges With No KYC 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
  </div> 
 </div> 
 <div class="rh-colortitlebox-text"> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px"> 
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>Tired of missing hot new listings because your favorite exchange is banned in the US? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
    <p>With <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Rocketxchange" href="https://captainaltcoin.com/go/rocketxchange/" data-shortcode="true">RocketXchange</a> you can finally trade on Kucoin, ByBit and more without registration or KYC! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f64c.png" alt="🙌" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
    <p>Simply connect your wallet to access every coin. No VPN needed.</p> 
    <p>Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.</p> 
    <p>Take your trading to the next level with:</p> 
    <ul> 
     <li>Instant access to banned CEXs <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6ab.png" alt="🚫" class="wp-smiley" style="height: 1em; max-height: 1em;"></li> 
     <li>No KYC required <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f645-200d-2642-fe0f.png" alt="🙅‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"></li> 
     <li>Trade on your terms – no registration required</li> 
     <li>Maintain full custody – tokens stay in your wallet</li> 
     <li>Access liquidity across leading DEXs and CEXs</li> 
     <li>Bridge assets quickly between any blockchain</li> 
    </ul> 
    <p>Escape CEX limits today with <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Rocketxchange" href="https://captainaltcoin.com/go/rocketxchange/" data-shortcode="true">RocketXchange</a>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span> 
   </div> 
  </div> 
 </div> 
</div> 
<p>Doctor Profit also warns against the “FUD” (Fear, Uncertainty, Doubt) that is currently circulating, suggesting that it’s a tactic used by market makers to manipulate sentiment. He believes that the market may experience a “fake dump” to create more fear and panic among retail investors.</p> 
<p>In terms of his own market predictions, Doctor Profit is confident that despite the FUD and potential short-term market dips, the asset in question will likely hit a low of $23,500 before rebounding strongly to levels above $30,000.</p> 
<p>It’s worth noting that while Doctor Profit is a respected figure in the crypto community, market conditions are highly volatile and unpredictable. Always do your own research and consider multiple viewpoints before making any investment decisions.</p> 
<p><em>Join us on <strong><a href="https://twitter.com/intent/follow?screen_name=captainaltcoin" data-type="link" data-id="https://twitter.com/intent/follow?screen_name=captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Twitter</a></strong> and <strong><a rel="noopener noreferrer nofollow" href="https://www.facebook.com/captainaltcoin" target="_blank">Facebook</a> </strong>for the latest insights and discussions in the world of crypto.</em></p> 
<p><em>Explore our <strong><a href="https://captainaltcoin.com/tag/news/" target="_blank" rel="noopener noreferrer nofollow">news section</a></strong> and stay ahead of the curve with our expert <strong><a href="https://captainaltcoin.com/predictions/" data-type="link" data-id="https://captainaltcoin.com/predictions/" target="_blank" rel="noopener noreferrer nofollow">price predictions</a>.</strong></em></p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/dont-believe-the-fud-expert-explains-why-ftx-liquidations-wont-crash-the-market/">Don’t Believe the FUD: Expert Explains Why FTX Liquidations Won’t Crash the Market</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Don’t Believe the FUD: Expert Explains Why FTX Liquidations Won’t Crash the Market

CaptainAltcoin

Other articles published on Sep 11, 2023

JPMorgan: Bitcoin Mining Cost Lowered to $18,000, Negative for Price

What Is a Neural Network, and How Are They Used in Crypto?

Now You Can Mine Bitcoin in Your House

XRP Price Rebound in Sight? Bullish Divergence Sparks Hope

Sam Bankman-Fried's Legal Team Seeks Pre-Trial Release Due to Poor Prison Internet

How To Get An Instant USDC Loan?

Join our free newsletter for daily crypto updates!