There is a reason $BNB has not dropped below $212.
Binance has a $BNB backed loan liquidating at $212 down from $220 after margin was added in June.
Rationale:
- @cz_binance is in self preservation mode selling BTC from the bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h wallet for TUSD and buying $BNB to save his exchange chain from a fatal margin call.
- US regulators are selling down the US Marshals holdings to force liquidate $BNB loan to drive @cz_binance out of the industry. Cat and mouse game.
@benjamincowen will say Im mad :)
@coryswan, @JoeConsorti, @JW100x and @0xLongXBT agree.
@coffeebreak_YT should get involved.
💫NEW HIRE Jason Y.
We welcome the new CMO of #NvirWorld.
Jason Y., the newly appointed CMO of NvirWorld and a former member of the CEO's office at #Binance, with a focus on global strategy and implementation, is an expert who has demonstrated his capabilities as a project lead/manager.
Please look forward to his contributions in the future!
"I LOVE JASON"
https://t.co/OG4bFd2R5N