FTX
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FTX 债权人兑付是流动性事件，不是简单买入信号
新一轮 FTX 兑付可能让部分加密原生资金回到市场视野，但交易者应区分还款机制与新增需求。
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FTX creditor payouts are a liquidity event, not a simple buy signal
The latest FTX distribution can put cash back into crypto-native hands, but traders should separate repayment mechanics from fresh demand.
