Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

JPMorgan Chase warns US shares ‘Not a good place to verbat’ as billionaire Paul Tudor Jones Braces for fresh market Lows

2025-05-10

Ethereum rises 32% when $ 60 million leaves ETFs – is ETH’s identity crisis over?

2025-05-10

Bitcoin 6-month flight plan up to $ 188,000, here is the route map

2025-05-10
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    China’s Beijing unveils 2-year DLT Development Action Plan

    2025-05-10

    Nexera and Pinkchain unite to Tokenize € 1.1 billion real estate pipeline with Shariah-compliant products

    2025-05-10

    Mint Blockchain integrates Chainlink CCIP to feed cross-chain connectivity

    2025-05-10

    ‘Nasdaq on Solana’ vision sees progress with opening bell launch

    2025-05-10

    Nexus launches an AI lab for safe and verifiable artificial inteligence

    2025-05-10
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    JPMorgan Chase warns US shares ‘Not a good place to verbat’ as billionaire Paul Tudor Jones Braces for fresh market Lows

    2025-05-10

    Partially completed Wave 5 says there is still room to run

    2025-05-10

    Wells Fargo increases the price target for a company of billion dollars, the shares of the company’s prognoses will increase by 52%: report

    2025-05-10

    Ethereum – Price explodes beyond $ 2,200 with a 25% increase – Momentum builds up quickly

    2025-05-10

    Arthur Hayes says that the crypto-bullmarkt is ready to continue, Bitcoin Path sketches to seven-digit price

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Is Binance Selling Bitcoin to Support BNB?
Altcoins

Is Binance Selling Bitcoin to Support BNB?

2023-06-14No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Despite the recent flood of major news in the crypto sector, there is one topic that is being debated more than any other at the moment: Is Binance selling Bitcoin on the spot market to support the Binance Coin (BNB)? NewsBTC reported yesterday that the rumor arose after crypto trader “JW” drew attention to striking data.

The rumor, however, stands on shaky legs and data. Still, there are some data points that experts call striking. Popular trader @52Skew stated that he can confirm that “it looks like BTC is being sold for USDT reserves”.

Via Twitter, the crypto trader shared the chart below and explained that USDT reserves have been aggressively pumped into BNB since May 27. In addition, BNB is supposedly being sold to BUSD to quell BTC’s volatility:

BUSD is pumped into BTC to quell downside volatility so that BTC can be exchanged for USDT. This is technically market manipulation, Binance is definitely up to something here to prevent both BNB and BTC from crashing.

Binance Selling Bitcoin to Save BNB?
Binance Bitcoin and BNB CVDs | Source: Twitter @52Skew

Binance CEO Changpeng Zhao aka “CZ” felt compelled to respond to the allegations a few hours ago. Via Twitter, CZ called the trader’s allegations “FUD” and interrogated the data.

“4. Binance has not sold BTC or BNB. We even have a bag of FTT. It’s amazing that they can know exactly who sold based on just a price chart involving millions of traders. FUD,” writes Zhao, who also accuses the trader of selfish intentions: “Maybe they are shorting… who knows.”

Renewed Binance FUD or Real?

However, the voices about unusual price action on Binance are on the rise. Joe Consorti, market analyst at The Bitcoin Layer, argues that there is a lot of selling pressure on Bitcoin on Binance that is not present on other exchanges:

More cannon fodder they might sell spot BTC to support BNB. The $220 level is vigorously defended – could be a liquidation level for a BNB-backed loan.

As reported by NewsBTC, BNB is facing a potentially disastrous situation following an exploit on Binance Smart Chain’s Binance Bridge. The exploiter can be liquidated for $200 million on Venus Decentralized Autonomous Organization (DAO) if the price of BNB falls below $220.

See also  The 5 Best Cryptocurrencies to Buy as DOJ Prepares to Sell $6.5 Billion in Bitcoin

In light of this, “Binance critics” suspect that the exchange wants to keep BNB above $220 at all costs to avoid a “liquidation waterfall”. However, the CVD data cannot really prove this rumor to be true.

The cumulative volume delta (CVD) shows the cumulative volume changes based on the trading volume of aggressive sellers versus aggressive buyers. This allows a judgment to be made about the volume of an asset, but not the source of the volume.

Therefore, until further evidence is provided, the rumor must be dismissed as a rumor. Even if the CVD data shows an anomaly, it could be due to exceptional market activity on the world’s largest crypto exchange.

At the time of writing, the BNB price is up 5.4% in the last 24 hours and is trading at USD 248. Meanwhile, Bitcoin is slightly down -0.8% over the same period.

Binance BNB price
BNB defies the news, 1-day chart | Source: BNBUSD at TradingView.com

Featured image by Markus Winkler / Unsplash, chart from TradingView.com



Source link

Binance Bitcoin BNB Selling Support
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum rises 32% when $ 60 million leaves ETFs – is ETH’s identity crisis over?

2025-05-10

Best crypto to buy now as UFC legend Conor McGregor calls for a Bitcoin strategic reserve in Ireland

2025-05-10

Artificial Superintelligence Alliance breaks its downward trend: Can Fet be passing by $ 1?

2025-05-10

Taiwan presents Bitcoin as part of the National Reserve Strategy

2025-05-10
Add A Comment
Leave A Reply Cancel Reply

Top Posts

​The latest meme coin (and why you should be careful)

2023-07-24

Bitcoin Nears Record Highs as US Elections Loom: What’s Next?

2024-10-30

Registered funds want exposure to BTC

2024-01-03
Editors Picks

Is This the Trader Who Exploited Mango Markets for $100M?

2022-10-15

NOT set for a 12.5% ​​gain post-breakout

2024-10-02

Why Bitcoin’s ‘Great’ Transition Could Leave Gold ETFs Behind

2024-02-22

The gaming lesson from Off The Grid and Telegram? Put blockchain in the background

2024-11-24
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

JPMorgan Chase warns US shares ‘Not a good place to verbat’ as billionaire Paul Tudor Jones Braces for fresh market Lows

Ethereum rises 32% when $ 60 million leaves ETFs – is ETH’s identity crisis over?

Bitcoin 6-month flight plan up to $ 188,000, here is the route map

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,702.400.64%
  • ethereumEthereum(ETH)$2,546.808.65%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.443.53%
  • binancecoinBNB(BNB)$654.722.05%
  • solanaSolana(SOL)$173.710.35%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.24026417.12%
  • cardanoCardano(ADA)$0.825.34%
  • tronTRON(TRX)$0.2623160.57%
  • suiSui(SUI)$4.022.65%
  • chainlinkChainlink(LINK)$17.287.59%
  • avalanche-2Avalanche(AVAX)$25.499.94%
  • stellarStellar(XLM)$0.3105245.04%
  • shiba-inuShiba Inu(SHIB)$0.0000166.84%
  • hedera-hashgraphHedera(HBAR)$0.2153635.86%
  • the-open-networkToncoin(TON)$3.434.69%
  • hyperliquidHyperliquid(HYPE)$25.512.02%
  • bitcoin-cashBitcoin Cash(BCH)$424.583.83%
  • polkadotPolkadot(DOT)$5.147.11%
  • litecoinLitecoin(LTC)$104.143.70%
  • unus-sed-leoUNUS SED LEO(LEO)$8.45-3.39%
  • moneroMonero(XMR)$322.804.86%
  • bitget-tokenBitget Token(BGB)$4.919.44%
  • pepePepe(PEPE)$0.0000138.92%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.751.30%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.9810.21%
  • bittensorBittensor(TAO)$459.696.81%
  • nearNEAR Protocol(NEAR)$3.2612.05%
  • aptosAptos(APT)$5.947.17%
  • aaveAave(AAVE)$227.987.79%
  • ondo-financeOndo(ONDO)$1.086.16%
  • okbOKB(OKB)$55.212.01%
  • ethereum-classicEthereum Classic(ETC)$20.345.96%
  • internet-computerInternet Computer(ICP)$5.694.77%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.391.05%
  • kaspaKaspa(KAS)$0.1081963.82%
  • render-tokenRender(RENDER)$5.428.48%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2677196.26%
  • gatechain-tokenGateToken(GT)$22.291.34%
  • crypto-com-chainCronos(CRO)$0.1023510.99%
  • vechainVeChain(VET)$0.0315385.64%
  • mantleMantle(MNT)$0.793.22%
  • ethenaEthena(ENA)$0.4053329.44%
  • arbitrumArbitrum(ARB)$0.47406425.42%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.897.34%
  • usd1World Liberty Financial USD(USD1)$1.00-0.06%
  • filecoinFilecoin(FIL)$3.195.55%
  • bitcoinBitcoin(BTC)$103,702.400.64%
  • ethereumEthereum(ETH)$2,546.808.65%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.443.53%
  • binancecoinBNB(BNB)$654.722.05%
  • solanaSolana(SOL)$173.710.35%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.24026417.12%
  • cardanoCardano(ADA)$0.825.34%
  • tronTRON(TRX)$0.2623160.57%
  • suiSui(SUI)$4.022.65%
  • chainlinkChainlink(LINK)$17.287.59%
  • avalanche-2Avalanche(AVAX)$25.499.94%
  • stellarStellar(XLM)$0.3105245.04%
  • shiba-inuShiba Inu(SHIB)$0.0000166.84%
  • hedera-hashgraphHedera(HBAR)$0.2153635.86%
  • the-open-networkToncoin(TON)$3.434.69%
  • hyperliquidHyperliquid(HYPE)$25.512.02%
  • bitcoin-cashBitcoin Cash(BCH)$424.583.83%
  • polkadotPolkadot(DOT)$5.147.11%
  • litecoinLitecoin(LTC)$104.143.70%
  • unus-sed-leoUNUS SED LEO(LEO)$8.45-3.39%
  • moneroMonero(XMR)$322.804.86%
  • bitget-tokenBitget Token(BGB)$4.919.44%
  • pepePepe(PEPE)$0.0000138.92%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.751.30%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.9810.21%
  • bittensorBittensor(TAO)$459.696.81%
  • nearNEAR Protocol(NEAR)$3.2612.05%
  • aptosAptos(APT)$5.947.17%
  • aaveAave(AAVE)$227.987.79%
  • ondo-financeOndo(ONDO)$1.086.16%
  • okbOKB(OKB)$55.212.01%
  • ethereum-classicEthereum Classic(ETC)$20.345.96%
  • internet-computerInternet Computer(ICP)$5.694.77%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.391.05%
  • kaspaKaspa(KAS)$0.1081963.82%
  • render-tokenRender(RENDER)$5.428.48%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2677196.26%
  • gatechain-tokenGateToken(GT)$22.291.34%
  • crypto-com-chainCronos(CRO)$0.1023510.99%
  • vechainVeChain(VET)$0.0315385.64%
  • mantleMantle(MNT)$0.793.22%
  • ethenaEthena(ENA)$0.4053329.44%
  • arbitrumArbitrum(ARB)$0.47406425.42%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.897.34%
  • usd1World Liberty Financial USD(USD1)$1.00-0.06%
  • filecoinFilecoin(FIL)$3.195.55%