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FTX Liquidators Deposit 2,500 ETH on Coinbase Ahead of Recent ETH Crash

Published 04/13/2024, 05:40 PM
Updated 04/13/2024, 05:45 PM
© Reuters FTX Liquidators Deposit 2,500 ETH on Coinbase Ahead of Recent ETH Crash
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  • FTX and Alameda Research liquidators recently deposited 2,500 ETH into Coinbase (NASDAQ:COIN).
  • The ETH deposit coincided with the recent crash in the price of Ethereum.
  • FTX liquidators are consistently targeting significant deposits ahead of notable price declines.

The foremost crypto analytics platform, Spot On Chain, has indicated that FTX and Alameda Research liquidators recently deposited 2,500 ETH, equivalent to about $8.56 million, into Coinbase. According to Spot On Chain, the entity made the significant deposit at about $3,426, shortly before the recent ETH price slump.

Following the development, the analytics platform noted that FTX and Alameda Research liquidators have a knack for choosing their exit points. The platform used historical data to show that the group seems to time their liquidation to near-perfection …

The post FTX Liquidators Deposit 2,500 ETH on Coinbase Ahead of Recent ETH Crash appeared first on Coin Edition.

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