Approximately 27,372 ETH have been newly moved from the FTX·Alameda bankruptcy estate. This could represent potential selling pressure. A total of 27,372 ETH, worth approximately $75.32 million, was transferred from six liquidation-related wallets to Wintermute, a market-making firm. Since assets in the bankruptcy estate are ultimately likely to be liquidated to repay creditors, such wallet movements warrant closer attention than typical transfers due to their higher potential for selling. I believe this is also one of the factors contributing to this current correction. #FTX #Alameda @SBF_FTX
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