Alameda has liquidated part of the ERC-20 tokens in the past 24 hours and converted them into BTC

ChainCatcher news, according to CoinDesk, on-chain data shows that approximately $1.7 million worth of ERC-20 tokens from Alameda-associated wallets were sold on the open market on Wednesday, raising concerns among some community users about the sharp decline in the prices of these tokens. The important tokens sold include USDC, DAI, CRV, ETH, CVX, etc. The tokens were consolidated from several wallets into two wallets, which were later sold for USDT. ZachXBT pointed out that the funds were subsequently exchanged for BTC.

According to data from Arkham Intelligence, Alameda still holds over $112 million worth of various cryptocurrencies, down from the previously reported $140 million held in mid-November. (source link)