FTT SKYROCKETS AFTER CZ REVEALS SBF'S $10B BOLGERO REQUEST 🚨
Binance founder CZ disclosed in his autobiography that SBF asked for tens of billions during the aborted FTX acquisition, a request he never intended to honor. CZ also confirmed that the $22 FTT buy‑back proposal by Caroline Ellison exposed the price floor, prompting a massive short squeeze and $6 billion outflow. Regulators have scrutinized the former exchange‑collaboration chat group, but no collusion was found.
Watch whale liquidity on $FTT anticipate aggressive short positions below $22, and prepare to ride the rebound if price stabilizes. Deploy tight risk parameters, monitor order‑book depth on top-tier exchange, and stay ready to flip to longs on any sign of institutional buying. Keep capital flexible for rapid entry as market makers adjust.
The revelation that SBF's demand was a bluff underscores the fragility of FTT's support levels. Traders who shorted below $22 capitalized on a clear psychological floor, but any renewed institutional interest could trigger a swift reversal. Beware of false breakouts as whales may use the narrative to accumulate.
Not financial advice. Manage your risk.