FTX 2.0 Revival Proposals Denied, Liquidation Plan Approved

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 19 2025

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FTX 2.0 Rejection: All bids to revive FTX 2.0 have been rejected, marking a shift towards finalizing cash repayments to creditors, with 98% expected to receive over 118% of their claims.
Legal and Financial Context: Legal costs related to the bankruptcy have approached $1 billion, and the decision has not led to new funding or support, focusing instead on liquidation and fiat payouts.
Stakeholder Impact: Key stakeholders, including CEO John J. Ray III and Judge John Dorsey, have been involved in the decision-making process, with creditors expressing dissatisfaction over the undervaluation of fiat repayments.
Market Sentiment: The rejection has not significantly impacted major cryptocurrencies like Bitcoin and Ethereum, and the FTX token (FTT) is now considered worthless, with creditors voicing concerns over taxation implications of fiat distributions.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	35997.598	47998.799	60267.618	72268.819	84537.638	96538.839	108807.658
Fibonacci	47998.799	57269.947	62997.671	72268.819	81539.967	87267.691	96538.839

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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