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FTX LIQUIDATIONS UPDATE
— Messari (@MessariCrypto) September 11, 2023
FTX liquidators hold approximately $1.3 billion of liquid crypto assets (excluding stablecoins) which have been dragged down by fear of FTX liquidations potentially beginning Wednesday.
Largest holdings: $SOL, $BTC, $ETH, $APT, $DOGE, $TRX, $MATIC… pic.twitter.com/ki3l6xKgPf
Messari Prediction 2023
This was reported by Messari in its latest report:
“Largest positions: $SOL, $BTC, $ETH, $APT, $DOGE, $TRX, $MATIC
What is important here is not the absolute value of the tokens held, but rather their number relative to the actively traded volume of each asset. For example, the amount of BTC held by FTX/Alameda ($353 million) is approximately 1% of the weekly BTC trading volume, which means that the market is able to absorb most of the sales, and the same applies to ETH.
However, for $DOGE, $TRX and $MATIC, which are significantly less liquid, the $20-30 million held by FTX represents 6-12% of weekly trading volumes and can have a significant impact on the market.
So far, $SOL and $APT have significant dollar amounts and a relative impact on market volume, these assets are held in Alameda and the venture part of the company and largely consist of tokens that cannot be immediately exchanged on the open market.”
Guru of Messari
If you’re interested in learning more about Messari and how to use it, here’s a guide to get you started:
1. Understanding Messari:
- Messari is a platform that offers data and insights into the world of cryptocurrencies and blockchain projects. It aims to provide transparency and reliable information for investors, traders, and researchers.
2. Accessing the Messari Platform:
- Visit the Messari website (https://messari.io/) to access their platform. You can use the platform for free, although they also offer a premium subscription with additional features.
3. Navigating the Messari Platform:
- Once you’re on the Messari website, you’ll find various sections and features. Here’s an overview of some key sections:
- Markets: This section provides information on cryptocurrency prices, trading volumes, and market capitalization.
- Assets: Here, you can find detailed information about individual cryptocurrencies, including their market data, historical performance, and project details.
- Screener: Messari offers a screener tool to filter and sort cryptocurrencies based on various criteria.
- News: This section provides the latest news and updates related to the cryptocurrency market.
- Research: Messari produces research reports and analysis on various cryptocurrency topics.
4. Using the Assets Section:
- If you want to research a specific cryptocurrency, go to the “Assets” section and use the search bar to find the coin or token you’re interested in.
- You’ll find comprehensive data on the selected asset, including its price chart, market statistics, historical data, social media activity, and more.
5. Creating a Watchlist:
- Messari allows you to create a watchlist of your favorite cryptocurrencies. This feature helps you keep track of the assets you’re interested in.
- To create a watchlist, simply click the “Add to Watchlist” button on an asset’s page.
6. Using the Screener:
- The Screener tool allows you to filter cryptocurrencies based on various criteria such as market cap, trading volume, price change, and more.
- You can use the Screener to discover new investment opportunities or narrow down your choices.
7. Reading Research and News:
- Messari offers research reports and news articles related to cryptocurrencies. These can provide valuable insights and updates on the crypto market.
8. Premium Features (if subscribed):
- If you have a premium subscription, you may access additional features and data on the Messari platform.
9. Staying Informed:
- Regularly check Messari for the latest cryptocurrency news, market data, and research to stay informed about developments in the crypto space.
10. Additional Resources:
- Messari also offers educational content and resources to help you learn more about cryptocurrencies and blockchain technology.
