Celsius Network confirmed exposures to FTX exchange and trading firm Alameda Research Negative sentiments continue to trail CEL as investors believe the price will fall further The now-collapsed cryptocurrency lending company Celsius Network [CEL], in a tweet on 11 November, confirmed its exposure to FTX exchange and trading firm Alameda Research. This was following bankruptcy […]
Celsius stated that it had approximately 3.5 million Serum [SRM] tokens on FTX, “most of which are locked.” In addition, it gave loans that totaled $13 million to Alameda research, which, according to it, “are currently under-collateralized .”CEL is no stranger to severe price declines, and this week was no different for the almost-abandoned cryptocurrency asset.
After enjoying a bull run in the last ten days of October and the first seven days of November, the downturn in the general market ushered in by FTX troubles caused CEL to commence a new bear run on 8 November. At press time, CEL was oversold. Its Relative Strength Index was 30.44, and its Money Flow Index was positioned in a downtrend at 44.64. This indicated t
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