Did FTX Liquidations Cause Altcoins to Lag Behind Bitcoin?

The post Did FTX Liquidations Cause Altcoins to Lag Behind Bitcoin? appeared first on Coinpedia Fintech News Crypto analyst Willy Woo explains why altcoins underperformed Bitcoin following FTX’s 2022 bankruptcy. Large amounts of locked Solana tokens were sold at low prices to funds like Galaxy Digital and Pantera, who hedged by shorting futures, creating synthetic sell pressure. While retail investors bought near the peak, Bitcoin surged over 400% to $88K with dominance …