Despite the recent flood of major news in the crypto sector, one topic is more hotly debated than any other at the moment: Is Binance selling Bitcoin on the spot market to prop up the Binance Coin (BNB)? NewsBTC already reported yesterday that the rumor emerged after crypto trader “JW” drew attention to eye-catching data. However, the rumor stands on shaky legs and data. Still, there are a few data points that experts are calling 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 27th. Moreover, BNB is supposedly being sold to BUSD in order to suppress the volatility of BTC: BUSD is pumped into BTC to suppress downside volatility so BTC can be swapped out for USDT. This is technically market manipulation, Binance is definitely up to something here to prevent BNB from crashing as well as BTC. Binance CEO Changpeng Zhao aka ..
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