Hello friends, the last days of this month will be quite volatile for bitcoin, while many theorize that bitcoin will have a huge fall or, on the contrary, a great recovery.
In general, bitcoin has had a significant increase in buying and selling in recent days, in addition, both bullish and bearish operations are at the same time, which means that during the remaining days of this month we will have a more volatile bitcoin with several rises and falls so this rise and falls can be quite rapid and unexpected.
So if you are not sure how to operate in this scenario, it is best to be very careful, since at these times when the price tends to be more volatile, less experienced traders tend to get trapped in their positions.
What is really going on with bnb and the accusations against Changpeng Zhao? |
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Binance and bnb are the topics related to the crypto market with the highest growth on social networks and this is due to the constant rumors that Changpeng Zhao, the CEO of binance, would be manipulating the price of bnb, it is also rumored on social networks that the US government would be sabotaging bnb to get Binance and CZ out of the industry, a couple of days ago I was monitoring some addresses and it belongs to Binance and has been selling significant amounts of bitcoin but I have no evidence what they are doing with the BTC sold.
However, Changpeng Zhao has responded when accused of manipulating the market on social networks, saying that the sales made by this wallet are really normal movements of the exchange and according to CZ, all this would be nothing more than rumors to cause panic in the market and personally. I have also not seen any real proof that Binance is selling btc to buy bnb and if they were actually doing so they have enough knowledge and experience to do it in such a way that no one would find out about it.
For what I would consider this whole matter as simple rumors and attacks on binance, as long as I do not see irrefutable evidence of this price manipulation, there is nothing more to say.
In Conclusions!! It is no mystery to anyone that the exchange houses over the years have manipulated the price of BTC or which cryptocurrencies, the exchanges are earning commissions for each operation that we make and these commissions accumulate to the point that the exchanges have to sell for liquidity, in the case of Binance accusations of raising the price of its native coin. But what happens when an exchange house sells its Bitcoin, a Crash usually happens and the price usually falls to the bottom.
My personal criteria is, if you are an exchange house you want to liquidate your Bitcoin because they do not sell responsibly and with scheduled sales so as not to affect the market and investors lose their money in the futures market.
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