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 .

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