At least two news sites reported that Binance had bought the dip and snapped up around 101,266 Bitcoin, citing movements to a Binance cold wallet.
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 exchanges. 😂
— CZ 🔶 Binance (@cz_binance) June 19, 2022
» Breaking: Binance Buys The Dip, Adds 101,266 Bitcoin https://t.co/RbrAHiUL2t
“Another wrong article,” Zhao tweeted on Monday. “When Binance cold wallet increases, it means more users deposited to Binance.”
On Monday morning Asia time, Bitcoin’s price recovered above US$20,000 after falling to as low as US$17,708 on Sunday, according to data from CoinMarketCap.
Withdrawals on the Binance Bitcoin network were paused last week as Zhao said a stuck transaction caused a backlog, but the exchange resolved the issue within a few hours.
