Cryptocurrencies started the week with a decline after Binance CEO Changpeng Zhao announced that he started FTT sales due to speculation about Alameda Research.
bitcoin While falling to the level of $ 20571 during the day, Ethereum It fell to the level of $ 1546.
Investors Binance and FTX There was a serious loss of funds on the FTX exchange, as the country worried that the war between the two countries could push Bitcoin and altcoins to new lows.
According to CryptoQuant data, stablecoin reserves in FTX have dropped by 93% in the last two weeks, reaching their lowest level in a year.
ETH withdrawals from FTX also reached an all-time high. It is considered that the withdrawals are related to speculation about FTX and that feared investors are pulling to not hold crypto money in FTX.
Meanwhile, in all FTT supply has reached an all-time high. 60% of the circulating supply was sent to exchanges.
While some users reminded that these data may be inaccurate, CryptoQuant CEO Ki Young Ju stated that they are prepared with data from on-chain data. FTX may of course have different cold wallets, but this is the latest situation regarding wallets marked as FTX.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!