Gemini, the bankrupt cryptocurrency exchange, sold hundreds of millions of dollars of Bitcoin. According to Arkham's data, an address belonging to Genesis Trading transferred 12 thousand BTC worth $ 760 million to Coinbase last month. These transactions may be linked to Genesis' bankruptcy liquidation proceedings, and in the future, Genesis' sale of its 33,000 BTC could create a new selling pressure.
Genesis also holds $365 million worth of Ethereum, $5.5 million worth of Compound (COMP), and small amounts of TRON (TRX), The SandBox (SAND), The Graph (GRT), and USD Coin (USDC).