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Bankrupt cryptocurrency companies FTX and Alameda are making smart 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 drop in the crypto market.

The individuals managing the liquidation process sent 2,500 Ethereum (ETH) to the Coinbase exchange at an average of $3,426 per unit. After the general market decline, the price of Ethereum dropped below $3,200.

Wallets owned by FTX and Alameda deposited 15,850 ETH to Coinbase at an average of $3,659 per unit since March 1. Historical records show a general decline in Ethereum price after these transactions.

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