Genesis Trading Unloads More Bitcoin To Coinbase, BTC Recovery In Jeopardy?

Genesis Trading, a major industry player currently navigating bankruptcy proceedings, continues to liquidate substantial Bitcoin holdings. In a move that has caught the attention of investors and analysts alike, the company has transferred 600 Bitcoin (BTC) to Coinbase, valued at approximately $37.72 million. This latest transaction is part of a larger pattern observed over the past month, raising concerns about potential market impacts and putting Bitcoin’s recovery in question.