Chanpeng Zhao denied information about Binance purchase more than 100,000 VTS to reduce the course

CEO BINANCE Exchange Chanpen Zhao said that information about buying an exchange 101,266 VTS is not true.

Another Wrong Article. When #binance Cold Wallet Increases, It Means More Users Deposited to #binance. This Journalist Doesn’t Seem To Under the Concept of Cold Wallets for Exchange. 😂

“Breaking: Binance Buys The Dip, Adds 101,266 Bitcoin https: // t.CO/RBRAHIUL2T

– Cz 🔶 Binance (@cz_binance) June 19, 2022

Earlier, some media reported that the platform acquired a large batch of bitcoin against the background of the fall in the price of the first cryptocurrency.

Zhao called the information “Another wrong article” and stated that its authors did not understand the principle of operation of exchanges with cold wallets.

June 18, the price of bitcoin collapsed below the psychological level of $ 20,000 and fell to $ 17,800.

At the time of writing, the first cryptocurrency tries to fix at the marks above $ 20,000.

According to Coinglass, the total volume of liquidations in the futures market per day amounted to $ 300 million.

Since the beginning of the month, Bitcoin has fallen in price by 36%, Ethereum – by 44%. The index of fear and greed rose to one item, to the mark 9.

Recall that Salvadora President Nayib Buyle recommended bitcoin investors not to worry about the quotes of the first cryptocurrency. According to him, investments in digital gold “immensely” will grow after the end of the bear cycle https://gagarin.news/ua/news/our-customers-see-through-this-saylor-on-micro-strategys-big-losses/ .

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