influencers would have you believe there is an ongoing binance bank run but bitcoin wallet data says otherwise - binance wallets are near all time highs - bitfinex wallets are also trending up - gemini and coinbase are being hit with massive withdrawals though you should not trust custodians, they can rug you without warning, it is incredibly important you learn how to hold bitcoin yourself, but also consider not blindly trusting influencers with a ref link to shill you

Replies (24)

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Dow 2 years ago
I was always curious where these random liquidation guesses were coming from… July 2022 BNB got as low as 180’s but now 210 is supposed to be the magic number? Drama engagement baiters…
My balance is cold storage is trending up, and for me, that’s all that matters.
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JRA 2 years ago
RIP BINANCE IOU HOLDERS
Would'nt tis mean that maybe #Blackrock is playing tricks already on the #BTC price? As far as i know #coinbase should be the one to buy and hold #Bitcoin for the Balckrock #ETF . It does not make sense that their balance on BTC is going down. Maybe it is manipulation.
There are people who claim to be bitcoiners on the subreddit who actually go around telling newbies should keep their btc on binance. Imo, binance can't go bust quick enough.
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fiatfundzwars 2 years ago
One day we're gonna get out of bed and be retired for life
I still think this is a coordinated attack on Binance, probably still swirling around the sus-FTX shit, Coinbase is a bigger villain, IMO, I mean just look at the chart, and Armstrong is a 🤡 to boot, not integrating lightning, shilling shitcoins snd friend-tech.... Never keep your bitcoin on an exchange. Never. Trading is not the answer, never was.
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Ri 2 years ago
A bit quiet here, maybe I need to get connected to some ad and spam relays to feel a bit more like 'home' :D
I'm surprised the amount of btc in custody on Binance is not dropping after all the bad PR and Binance losing there license to operate in multiple countries. I thought the migration to different exchanges like Coinbase/kraken/bitstamp would be more significant.
The obvious thing would be to try to acumilate BTC somewhere else. They can just form another whale somewhere else and making it look like a lot people are selling their #BTC to just make people sending their BTC to this whale as well. That would be the simplest fishing strategy in the Bitcoin space for them. This would describe as well why the #ETF decisions wore postponed. They just want to fish more and learn about how to manipulate the price the best way. Main point is that #Blackrock can be acumulating anonymously as well. Or did somebody discover their wallets? So this is an reminder: Number of transactions has no meaning to #Bitcoin price. It should not have. Otherwise the big players will win.