Changpeng Zhao, CEO of Binance exchange, said that the information that 101,266 BTC was purchased by the exchange is not true.

Another wrong post. When? #Binance cold wallet increases, which means more users deposit #Binance. This journalist does not appear under the concept of cold wallet for exchanges. 😂

» Last Minute: Binance Bought Dip, Added 101,266 Bitcoin https://t.co/RbrAHiUL2t

— CZ 🔶 Binance (@cz_binance) 19 June 2022

Earlier, some media platform reported that it received a large amount of bitcoin against the background of the drop in the price of the first cryptocurrency.

Zhao called the information “another false article” and said its authors did not understand how cold wallet exchanges work.

On June 18, the bitcoin price dropped below the psychological level of $20,000 and dropped to $17,800.

At the time of writing, the first cryptocurrency is trying to gain ground above $20,000.

According to Coinglass, the total daily liquidation volume in the futures market totaled $300 million.

Since the beginning of the month, the price of Bitcoin has dropped 36%, Ethereum – 44%. The fear and greed index rose one point to 9.

Recall that the President of El Salvador, Nayib Bukele, advised bitcoin investors not to worry about the prices of the first cryptocurrency. According to him, after the end of the bearish cycle, investments in digital gold will increase “immeasurably”.

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