Spot On Chain Archives - Coin Engineer https://coinengineer.net/blog/tag/spot-on-chain/ Btc, Coins, Pre-Sale, DeFi, NFT Wed, 24 Apr 2024 08:01:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png Spot On Chain Archives - Coin Engineer https://coinengineer.net/blog/tag/spot-on-chain/ 32 32 Could Be Bearish News for Ethereum: Keep an Eye on FTX and Alameda Transactions! https://coinengineer.net/blog/could-be-bearish-news-for-ethereum-keep-an-eye-on-ftx-and-alameda-transactions/ https://coinengineer.net/blog/could-be-bearish-news-for-ethereum-keep-an-eye-on-ftx-and-alameda-transactions/#respond Wed, 24 Apr 2024 17:00:14 +0000 https://coinengineer.io/blog/?p=18530 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. The Spot On Chain team noted that FTX and Alameda Research have deposited a total of 20,350

The post Could Be Bearish News for Ethereum: Keep an Eye on FTX and Alameda Transactions! appeared first on Coin Engineer.

]]> 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.

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An example of this was seen on April 12, when 15,850 ETH was withdrawn from FTX and Alameda wallets before the Ethereum price started to fall.

The post Could Be Bearish News for Ethereum: Keep an Eye on FTX and Alameda Transactions! appeared first on Coin Engineer.

]]> https://coinengineer.net/blog/could-be-bearish-news-for-ethereum-keep-an-eye-on-ftx-and-alameda-transactions/feed/ 0