CZ says ;
Why is the market is going up or down? No one really knows. A lot of people claim to know, and can often pin it on a single (often wrong) reason. In reality, there are many sellers and buyers in a market, everyone may have their own reasons. A few examples.
False narrative: "Binance converted its holdings to fiat". Fact: #Binance fiat/stablecoin reserves (used to pay for short term salaries or expenses) decreased. Our crypto reserves increased, in the past months/weeks/days.
2nd narrative: "$1.3b of alts on Robinhood could be..." Me: no idea. You probably know more than me.
Other narrative: "US bans... China/HK unban..."
Greed & fear, the 2 emotions you need to manage in any market.
Manage your risks. Stay #SAFU .
Our job is here to ensure the platform works smoothly