Genesis Still Distributing , More $ETH Heads to Exchanges , the unwind isn’t over yet.
wallets linked to Genesis Trading just deposited 1,482 Ethereum (~$3.38M) across Binance, OKX, and Bybit about 13 hours ago.
Despite that, they’re still sitting on a sizeable balance of 12,975 ETH (~$29.09M), which means there’s potentially more supply waiting to hit the market over time.
WE GUESS: not a panic dump… but definitely a persistent source of sell-side pressure that the market has to absorb.
wallets linked to Genesis Trading just deposited 1,482 Ethereum (~$3.38M) across Binance, OKX, and Bybit about 13 hours ago.
Despite that, they’re still sitting on a sizeable balance of 12,975 ETH (~$29.09M), which means there’s potentially more supply waiting to hit the market over time.
WE GUESS: not a panic dump… but definitely a persistent source of sell-side pressure that the market has to absorb.