Regarding Binance taking out one billion USD to buy BTC, do not blindly cheer, nor think it is purely a face-saving move, nor assume they are just talking big, and definitely do not believe they will turn against each other. 1 Take advice, Yili Hua called on Binance to buy Bitcoin to set an example for the industry, and Binance listened. 2 It indicates that Binance also believes Bitcoin is building a bottom; even if it is not the absolute bottom, the downward space is very limited, at most 20%.
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