SBF's X Account Asserts FTX Was Never Bankrupt, Causing Temporary Rise in FTT Token
SBF's Claims on FTX Bankruptcy: Sam Bankman-Fried's recent post on X argues that FTX never needed to file for bankruptcy, claiming it faced a liquidity crisis rather than insolvency, and that it held sufficient assets to repay customers at the time of the filing.
Document Highlights: The 15-page document titled “FTX: Where Did The Money Go?” asserts that FTX's estate still holds $8 billion after settling liabilities and legal fees, and lists significant stakes in various companies and substantial crypto holdings.
Market Reaction: Following the post, the FTX Token (FTT) experienced a brief surge to $0.84, indicating a mixed reaction from the crypto community, with some expressing skepticism about SBF's claims and the repayment process.
Ongoing Controversy: As SBF's sentencing approaches, discussions around his claims and potential political maneuvers for a pardon are intensifying, raising broader questions about accountability and governance in the crypto industry.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for X
Technical Sentiment Analysis for X Empire (X). As of , X Empire (X) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000949 | 0.000011 | 0.0000124 | 0.0000139 | 0.0000154 | 0.0000169 | 0.0000183 |
| Fibonacci | 0.000011 | 0.0000121 | 0.0000128 | 0.0000139 | 0.000015 | 0.0000157 | 0.0000169 |
About X
About the author
