Binance Bought A Whooping 41,000 BTC During The Dip: Did They Save The Bitcoin Market?

Binance Bought A Whooping 41,000 BTC During The Dip: Did They Save The Bitcoin Market?


Bitcoin is moving sideways at press time, absorbing the wave of selling over the last week. Even though there are some optimists, the candlestick arrangement in the daily chart points to weakness.

This preview, at least from a technical angle, remains as long as prices trend below the round number of $60,000 and the liquidation level at around $66,000.

Binance Bought The Bitcoin Dip

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Amid the recovery, one analyst, pointing to interesting on-chain data, observed that when prices fell last week, some unnamed exchanges were loading up the dip. It is now emerging that Binance, the world’s largest exchange by client count, was actively accumulating.

CryptoQuant data shows that Binance increased its reserves by 41,000 BTC over the last bear run when prices

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