Bitcoin hit $62,006, and CZ's answer was a denial plus five guesses.
He said Binance did not sell crypto, and that he bought some himself in the past few days.
I give the $1.9 billion in ETF outflows more weight than the other four reasons, because it is a print and the rest are guesses.
A founder buying does not make a floor, and a denial is not a bid.
If ETF flows turn positive this week and $62,006 holds, the list was noise. If they keep bleeding, the flows were the whole story.
@Binance_News #Bitcoin #Crypto $BTC
He said Binance did not sell crypto, and that he bought some himself in the past few days.
I give the $1.9 billion in ETF outflows more weight than the other four reasons, because it is a print and the rest are guesses.
A founder buying does not make a floor, and a denial is not a bid.
If ETF flows turn positive this week and $62,006 holds, the list was noise. If they keep bleeding, the flows were the whole story.
@Binance_News #Bitcoin #Crypto $BTC
