Binance CEO on Reasons for Altcoin Annihilation: 'No One Really Knows'

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Binance CEO on Reasons for Altcoin Annihilation: 'No One Really Knows'
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No one really knows why the market is going up or down, cz_binance claims Binance $BNB

With almost $400 million in liquidations, the last 24 hours showed no mercy to Bitcoin and altcoin traders. Meanwhile, Binance CEO Changpeng"CZ" Zhao warns that we should not trust the narratives distributed by Twitter"insiders" allegedly knowing the only true reasons for the ongoing massacre.Despite many people on crypto Twitter claiming they know why altcoins are bleeding right now, nobody can be sure about the roots of this plunge.

Why is the market is going up or down? No one really knows. A lot of people claim to know, and can often pin it on a single reason. In reality, there are many sellers and buyers in a market, everyone may have their own reasons. A few examples.

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