TechFlow News, Su Zhu posted on X platform stating that events like FTX/Alameda selling SOL, while seemingly bearish, are actually "very bullish" because they distribute token supply and provide investors waiting to enter with opportunities to buy in at a discount.
He further added: "Few of these buyers already hold SOL and would sell spot to buy into this round, and you can't currently use locked SOL as collateral to short perpetual contracts anywhere, so you can't guarantee that you can actually hedge."
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