Orderly Estate Sale

The $65 million ETH liquidation is most likely part of the FTX bankruptcy estate's planned monetization of remaining crypto assets to fund creditor distributions. Given prior court approval for large-scale asset sales and distributions already underway since February 2025, markets treat the Alameda-linked wallet activity as administrative rather than a new distress signal.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.