Will FTX’s Selling Pressure on Bitcoin Reduce? New Offer from Market Maker!

While FTX’s cryptocurrency assets increase risks on Bitcoin and altcoins, investors are worried about a possible sales pressure.

The potential for FTX to sell its holdings to pay off its debt to investors has spurred some market makers into action.

DWF Labs President Andrei Grachev, who is one of the market makers in the cryptocurrency markets, said in his post on his social media account that DWF Labs is considering purchasing FTX’s assets in the over-the-counter market.

“DWF Labs is considering purchasing FTX assets to provide the best execution price to creditors and reduce the risk of massive aggressive selling pressure that could send the market back to capitalization in 2020.”

@DWFLabs is considering to purchase FTX assets in order to provide creditors the best execution price and mitigate a risk of a huge aggressive selling pressure that could send the market back to 2020’s capitalization

— Andrei Grachev (@ag_dwf) September 13, 2023

According to the information on its website, DWF Labs serves as a market maker for hundreds of cryptocurrency pairs on more than 60 cryptocurrency exchanges.