At present, the dispute about whether coin security sells Bitcoin in the Spot market to support coin security (BNB) is very interesting. A Cryptocurrency trader attracted people's attention to data and generated some rumors
At present, the dispute about whether coin security sells Bitcoin in the Spot market to support coin security (BNB) is very interesting. A Cryptocurrency trader attracted people's attention to data and generated some rumors. However, these rumors are based on unstable legs and data, without reliable support. Nevertheless, some data points are described by experts as astonishing. A well-known trader pointed out that Bitcoin appears to be being sold in exchange for USDT reserves and shared relevant data charts. He also claimed that BNB was sold to curb the volatility of Bitcoin.
Not long ago, Changpeng Zhao (CZ), CEO of Yuan'an, responded to these allegations and said that the trader's allegations were malicious propaganda. He questioned the authenticity of the data and stated that Coin An has not yet sold Bitcoin or BNB. He believes that these accusations may be motivated by selfishness and may be short selling the market.
Update BinanceFUD or is it real?
However, there are increasing voices about the abnormal pricing behavior of currency security. Market analysts point out that there is a lot of Bitcoin selling pressure on Coin Security, while other exchanges do not have this situation. There are reports that BNB is facing a potentially catastrophic situation after using the Coin On Smart Chain's Coin On Bridge. If the price of BNB drops below $220, the loans on Venus Decentralized Autonomous Organization (DAO) may be liquidated for $200 million.
Some commentators are skeptical and hope to keep the BNB above $220 to prevent the occurrence of a "liquidation waterfall". However, current data cannot truly prove the authenticity of these rumors.
Therefore, before providing further evidence, rumors must be rejected: rumors. Even if there is abnormal CVD data, it may be caused by abnormal market activities of the world's largest Cryptocurrency exchange.
As of now, the price of BNB has increased by 5.4% in the past 24 hours, with a trading price of $248. Meanwhile, Bitcoin fell slightly by 0.8% during the same period.
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