Inflows into cryptocurrency investment products rose sharply last week as institutional investors bought the dip amid the marketwide collapse triggered by FTX and Alameda Research’s bankruptcies.
CoinShares data revealed that blockchain equities registered $32 million in weekly outflows, the largest since May. Meanwhile, the broader equity market recorded its best week of gains since March, with the technology-heavy Nasdaq Composite gaining 8.1% on weaker-than-expected inflation numbers.
Full disclosure: Binance never shorted FTT.
We still have a bag of as we stopped selling FTT after SBF called me.
Market sentiment, however, could take months or even longer to recover.

Source - Coin Telegraph

#ftx #crypto #binance #ftt