% 0.14
BTC Dominance:
% 0.13
Market Cap:
$2.34 T
% 0.00
Fear & Greed:
53 / 100
$ 64.244
BTC Dominance:
% 54.1
Market Cap:
$2.34 T

Could Be Bearish News for Ethereum: Keep an Eye on FTX and Alameda Transactions!

Ethereum (Eth)

Wallets belonging to bankrupt FTX and Alameda Research have been sending Ethereum to Binance and Coinbase exchanges since the night hours. The coins were sent at an average unit cost of $3,207; the total cost was $14.4 million.

Gl0Dp0Jaiaalr1AThe Spot On Chain team noted that FTX and Alameda Research have deposited a total of 20,350 Ethereum ($72.5 million) to cryptocurrency exchanges since March 1, and that this has generally coincided with periods before prices start to fall.

An example of this was seen on April 12, when 15,850 ETH was withdrawn from FTX and Alameda wallets before the Ethereum price started to fall.

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