Crypto community accuses Changpeng Zhao of keeping Bitcoin price down to keep BNB above key support levels
Mike Alfred slams CZ for"selling customer Bitcoin" to stay solvent
Among the critics of Binance and CZ in particular has been prominent crypto investor Mike Alfred. Over the past few days, he has been tweeting about CZ and Binance, accusing the crypto billionaire of selling loads ofToday, he tweeted that"CZ may be running out of BTC to dump" as Bitcoin crashes are getting"less and less impactful" and show decreasing magnitude.
These BTC flash crashes are getting less and less impactful. Decreasing magnitude. CZ may be running out of BTC to dump. Meanwhile, BNB perched precipitously at $207. It's taking a truly herculean effort to hold it up there.Once CZ stops selling Bitcoin, the BTC price will begin going back up, Alfred believes. However, he is urging everyone to withdraw their Bitcoin from Binance:"If you have coins deposited at Binance you should be ashamed of yourselves for funding this racket.
Currently, Bitcoin is changing hands at the $26,000 level, trading sideways over the last several days. Since Aug. 16, BTC has lost approximately 10%, crashing from above the $29,00 price mark. Some, however, believe that this is a typical BTC dump before the upcoming halving, which is expected in April-May next year.
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