In addition to Germany and Mentougou, Genesis may also bring us selling pressure. The company is now in bankruptcy liquidation and debt repayment. Just yesterday, they transferred $29.25 million worth of Bitcoin and $20.47 million worth of Ethereum to Coinbase, which is expected to be sold today. Don't forget that Genesis is one of the culprits that caused GBTC's "hemorrhage", after all, it is a major shareholder of GBTC. GBTC sold assets for money in order to buy Bitcoin and other digital assets to repay debts. Genesis Trading still has more than $2.28 billion worth of digital assets, most of which are Bitcoins, with a total of 33,000 pieces, which is worth almost $2 billion.

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