[David Hoffman: BTC at the 200-Week Moving Average, Current Environment Unlikely to Replicate FTX-Level Systemic Collapse] Odaily Planet Daily News – David Hoffman, co-founder of Bankless, who previously announced the liquidation of ETH holdings, shared his perspective that the current Bitcoin price is precisely situated at the 200-week moving average (MA). Reviewing historical market trends, BTC has only effectively broken below this moving average during the bear market phases triggered by the successive collapses of Terra, Three Arrows Capital, and FTX, which led to industry-wide liquidations and represented some of the most destructive systemic crises in the history of the crypto industry. In his view, the market risks posed by operations such as Michael Saylor's Strategy issuing convertible bonds are far from reaching the level of damage caused by the chain of collapses back then. Additionally, he disclosed the cost basis of his holdings once again: NEAR at approximately $1.4, HYPE at around $45, and ZEC at about $560.