$BTC has dropped 43.73% in just one week but ETH has also dropped 78% and altcoins have also dumped. The selling volume prevails making the market panic-sell. The bad news is continuously by the whales, fear engulfs the market. The weak buying volume, and also did not see any buy force here.
Only in 7 days from 08/06 for the first time stETH lost peg to 0.97 to 14/06 Celsius announced to stop depositing and withdrawing assets, during this period Alameda has continuously swapped about $88m from stETH -> ETH and transferred a huge amount of stablecoins to the FTX exchange ~1b Stablecoins include: 560m USDC, 235m USDT, 120m BUSD, Alameda also transferred a large amount of other tokens such as: AXS, LINK, FTM, FTT total value up to ~300m. So the question is: In less than 7 days and the market is very unstable, Alameda transferred a large number of assets to FTX for what?
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