Decrypt - Ethereum Plunges 7% as 'FTX Drainer' Dumps ETH for Bitcoin
https://decrypt.co/115163/ethereum-plunges-7-as-ftx-accounts-drainer-dumps-eth-for-bitcoin
According to data from Coin Glass, Ethereum futures trades have liquidated the equivalent of $40 million in the past 24 hours.
Meanwhile, according to DefiLlama, DeFi activity also declined, with the total locked value (TVL) of all dapps on ethereum falling by more than 4%.
These price pressures have caused Ethereum to drop more than 7% in the past 24 hours, according to CoinGecko data.
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