These Four Key Charts Shed Light on the FTX Exchange's Spectacular Collapse

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These Four Key Charts Shed Light on the FTX Exchange's Spectacular Collapse
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Four key charts from Nansen_ai and TradingView show why FTX agreed to sell itself to bigger rival Binance. On-chain data offers a fresh perspective on FTX's liquidity crunch, illustrating how the drama escalated so quickly. reports

have nosedived dramatically. Between Friday, Nov. 4 and Tuesday, Nov. 8, Nansen data states that FTX’s USDC holdings dropped about $137 million, roughly 84%, while its USDT holdings dropped from $198 million to $68 million.stands at roughly $156 million currently, down more than 78% since Oct. 24.

It has made at least $100,000 by providing liquidity to the decentralized finance protocols, SushiSwap and Uniswap, excluding so-called impermanent loss. Jump Trading, which focuses on ecosystem building, quant research and trading, has withdrawn $118 million, more than the next six addresses combined.

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