FTX Is Selling These Crypto Assets Amid Market Boom, Outflows To Halt Rally?

FTX, the embattled crypto exchange, recently liquidated millions worth of its crypto assets to expedite the bankruptcy liquidation process. The selloff comes amid the recent crypto market boom as Bitcoin (BTC), Ethereum (ETH), and other top cryptocurrencies registered a significant upswing. However, the massive liquidation escalated the outflows in the market, which could be a catalyst in halting the market rally.