Bankrupt crypto companies FTX and Alameda make good decisions about when to exit the market.
According to the blockchain analysis platform Spot On Chain, FTX and Alameda’s liquidators made profits by selling before the crypto market downturn began.
The liquidators sent 2,500 Ethereum (ETH) to the Coinbase exchange at an average of $3,426 per unit, right before the general market decline. Ethereum price then fell to below $3,200.
Wallets belonging to FTX and Alameda have deposited 15,850 ETH at an average of $3,659 per unit to Coinbase since March 1. Historical records show a general downward trend in Ethereum price after these transactions.
