
Risk Signal flashes red as Bitcoin loses $20K amid Binance-FTX feud
The crypto market tanks as users exit positions following speculation over the unsoundness of the FTT token.
Read crypto exchange news, listing updates, security incidents, trading volume shifts, and platform strategy across global markets.

FTX's ETH and BTC reserves has plummeted to new lows since the beginning of the month.

Concerns around the liquidity of FTX and Alameda Research fueled contagion fears, bringing the crypto market down and causing huge liquidations.

Coinglass data shows that FTX's BTC balance is now negative at -197.95 BTC after over 20K BTC left the exchange in the past 24hrs

Reports from Lookonchain and Peckshield identified several whale transactions that could have impacted FTT's value.

FTT's value is at the risk of a drastic sell-off, considering that around 60% of its supply is currently on exchanges.

The tweet threat appears to be a response to rumors and speculation of liquidity issues at FTX and Alameda Research, which may have led to Binance's decision to sell its FTT.



