FTX Execs Suppressed Bitcoin Price in 2021 Bull Market, Testimony Reveals

Testimony reveals FTX executives sold BTC to keep price under $20K during 2021 bull market
FTX used customer funds without permission to suppress BTC price, per former Alameda CEO's court testimony
Analyst argues FTX selling prevented BTC hitting $100K in 2021, countering bullish models like Stock-to-Flow
Reactions mock impact on BTC, speculate on alternate reality with higher prices and SBF as president
Some disagree on motive, arguing SBF just needed liquidity and $20K was a cheap level to wait for higher prices