Bitcoin price selloff is normal, Binance CEO says as US trading pressure grows

Bitcoin price selloff is normal, Binance CEO says as US trading pressure grows

Binance CEO Richard Teng calls Bitcoin's selloff normal as research finds 2.75 times more selling on a dollar spot venue amid $1.91B in ETF outflows.

Binance CEO Richard Teng: Bitcoin selloff normal

Richard Teng described the 15.6% Bitcoin drop as a standard market reaction to macro tightening, even as US spot Bitcoin ETFs recorded $1.91 billion in outflows. Read the original on Binance CEO calls Bitcoin selloff normal despite ETF cash bleed. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

Crypto Traders Blame Binance for Bitcoin Drop, But Data Points to Coinbase

Traders blamed Binance for Bitcoin’s slide to $61,956, but spot data points to Coinbase, where net selling hit $1.08 billion.

Flood Says Nearly All Weekend Bitcoin Selling Took Place on Coinbase

The Fullstack founder described the selling as unusually aggressive and insensitive to price but did not identify a seller or give trading volume.