Binance CEO cz_binance has denied rumors suggesting Binance has been selling Bitcoin to prop up the price of Binance Coin (BNB).
where a trader sells an asset and then buys it shortly after to inflate its demand or make it look like there's more activity in the marketplace.BNB’s price action as “unusual” with the “$220 level” being “staunchly defended.
” He suggested that it may be a liquidation level for a BNB-collateralized loan.Loads of selling pressure on bitcoin not present on other exchanges.The $220 level is being staunchly defended — may be a liquidation level for a BNB-collateralized loan.
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