Bankrupt cryptocurrency companies FTX and Alameda make very good decisions about when to exit the market.
According to the blockchain analysis platform Spot On Chain, the liquidators of FTX and Alameda made profits by selling before the cryptocurrency market started to drop.
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 started, the price of Ethereum dropped to below $3,200.
Wallets belonging to FTX and Alameda deposited 15,850 ETH to Coinbase at an average of $3,659 per unit since March 1st. Historical records show that the Ethereum price generally showed a downward trend after these transactions were made.
