FTX’s $5B Stablecoin Dump Threatens to Rock Crypto Liquidity—Again
Brace for impact: The crypto market’s about to swallow a $5 billion liquidity bomb as FTX prepares to unleash creditor payouts—equivalent to 2% of the entire stablecoin supply.
Why it matters: When this much dry powder hits the market at once, even ’stable’ assets start looking shaky. Traders are already positioning for the inevitable volatility spike.
The irony? The same exchange that triggered the last liquidity crisis now holds the keys to the next one. Only in crypto would a bankruptcy payout count as a macroeconomic event.