Messari: The market can absorb FTX's large-scale sell-off of high liquidity assets like BTC

ChainCatcher message, the crypto research firm Messari stated on social media that FTX liquidators hold approximately $1.3 billion in liquid crypto assets (excluding stablecoins). The largest holdings include SOL, BTC, ETH, APT, DOGE, TRX, MATIC, etc. The relevant figures are not the absolute values of the tokens held but rather the amounts relative to the active trading volume of each asset. For example, the BTC held by FTX/Alameda ($353 million) accounts for about 1% of the weekly trading volume of BTC, which means the market can absorb large-scale sell-offs, and the same goes for ETH.

However, for the much less liquid $DOGE, $TRX, and $MATIC, the $20-30 million held by FTX accounts for 6-12% of the weekly trading volume, which has a much greater impact on the market.