FUD or True Is Binance boosting BNB by selling Bitcoin?

The crypto community is currently debating whether Binance is selling Bitcoin on the spot market to support Binance Coin (BNB), despite a flood of major news in the crypto sector. Rumors started after a trader drew attention to some data, but experts are calling the rumor unfounded. However, some data points are being called striking, such as USDT reserves being pumped into BNB and BNB being sold to BUSD to suppress BTC volatility. Binance CEO Changpeng Zhao responded to the allegations, calling them “FUD” and questioning the data. Despite this, voices about unusual price action on Binance are increasing, and some suspect that Binance wants to keep BNB above $220 to prevent a “liquidation waterfall”. However, the cumulative volume delta (CVD) data is not capable of proving this rumor true. Until further evidence is presented, the rumor must be dismissed as just that: a rumor. At press time, BNB is up 5.4% in the last 24 hours, trading at $248, while Bitcoin is slightly down -0.8% in the same time period.

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