We are all waiting for bitcoin to turn around and increase, but with the current situation, it seems difficult to get the pump. But we can breathe a sigh of relief as bitcoin is now back to $26k. And does that mean bullish signs are coming soon? Only God knows.
Meanwhile, if FTX really sold all its assets immediately, it would create a big panic in the market for the assets they control so much. But just hope that not many people panic if they see the price of bitcoin or altcoins decrease. Otherwise, we will see another downturn.
As I see it, the BTC price returning above $26k doesn't mean anything yet. If the BTC price had risen above $30k, it would have been considered a bullish signal.
As for selling the assets of FTX, they will sell it gradually, not all at once. However, even if there will be panic in the market because of this, it can be seen as a positive thing. For example, if the price of FUN tokens falls to 2020 values because of this, I think that many users of freebitcoin will be happy to buy these tokens at such a low price to hold them in the long term.
You are right, the nutshell of what you are saying is that, when prices are down, it is still an opportunity for us to buy even more at the less prices.
Bitcoin is doing well with a little about $26k, I personally think the news about the FTX selloff coming is probably what has kept the price since all this while, and if you guys ask me, I would say that the anticipation of the selloff coming is probably what made some investors cash out which caused the recent downturn of the market which saw Bitcoin at about $24,800 before it returned back to $25k and now, $26k.
I also had to tether some of my bitcoin yesterday night due to the FTX issue, because I don't wanna be caught up in the middle of a major bloodbath again like in the last time, I am still monitoring the market and as soon as I see that the coast is getting clear, I will opt in again, I don't mind the little loss I might incur due to the out and in. But it's better than having to wait months again before one could possible realize his capital, and then, looking for profit .