The full position of #bnb BNB is struggling to keep up recently, worried that BTC might drop, it looks like if there is a pullback it could reach around 500. Why is BNB so weak? To summarize, first, the U.S. has placed a supervisory nail in Binance, and Binance's operations remain unchanged. Second, CZ intentionally wants to distribute some of his chips, and this premium selling operation is still a good thing, equivalent to someone acquiring it, while a discounted sale would be a bad thing. Third, most funds have entered BTC, and there are still many old coins far from historical highs, along with new coins with small market caps that are easier to manipulate. BNB is currently in a stagnant position, but holding it long-term should be fine. Believe in the power of cycles; when the bull market comes, BNB will definitely take off! 🛫️
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.