TechFlow news — Hal Press, CEO of hedge fund North Rock Digital, shared his understanding of the FTX liquidation plan after attending the hearing:
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FTX can sell $50 million worth of tokens each week for this week (ending Friday) and next week; afterward, the weekly limit will increase to $100 million.
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FTX may conduct unlimited hedging on Bitcoin and Ethereum by buying put options and selling call options.
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However, actual spot sales of Bitcoin and Ethereum require approval from different committees.
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Judging from the tone of various parties at the hearing, FTX aims to carry out the liquidation in a relatively efficient and orderly manner, with an emphasis on minimizing losses.





