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Bitcoin traders often treat old-coin movement as a sign that long-term holders are waking up. Coinbase’s $69.5 billion BTC migration suggests that signal may be less reliable than it looks.
Bitcoin and Ethereum emerge as the second and third most shorted crypto, Genesis asked for a $1 billion loan but got rejected, and much more in this edition of CryptoSlate Wrapped Daily.
In light of recent events, Coinbase tweeted to clarify its strong capital position.
Coinbase is a publicly listed digital asset platform that operates one of the largest regulated crypto exchanges in the United States.
