There may be all kinds of reasons behind this drop, whether macro-related or a pileup of negative narratives—but why did it happen over the weekend of all times?
Because they needed funds to cover 6b, they took advantage of the weekend’s lower liquidity to sell coins, while Binance $BNB also conveniently opened short positions and recouped funds from $BTC and altcoins like $ETH . That’s why the 100 USDC fee rebates we gave everyone earlier came in handy. What do you think?