- 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.
#FTX and #Alameda Research liquidators truly have a knack for choosing their exit points!Just 8 hours ago, they deposited another 2,500 $ETH ($8.56M) into #Coinbase at ~$3,426, right before the recent #dump!
Since Mar 1, FTX and Alameda have deposited 15,850 $ETH ($58M) into… pic.twitter.com/CPAJd8EaIJ
— Spot On Chain (@spotonchain) April 13, 2024
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 …
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