Bankrupt cryptocurrency companies FTX and Alameda make good decisions about when to exit the market, according to blockchain analysis platform Spot On Chain.
As reported by Spot On Chain, the liquidators of FTX and Alameda made profitable sales before the market downturn.
The individuals managing the liquidation sent 2,500 Ethereum (ETH) to the Coinbase exchange at an average of $3,426 per unit. Afterwards, the Ethereum price fell to below $3,200 across the market.
FTX and Alameda wallets have deposited 15,850 ETH at an average of $3,659 each since March 1st, and historical records show a downtrend in Ethereum price after these transactions.
