I am starting to notice and get a bit annoyed by all the posts lately, claiming market manipulation by binance. I would argue that most of the “evidence” is circumstantial at best and would not hold up. On top of that, there is plenty to suggest that there is nothing shady going on.
Firstly, Binance has a transparent user fund and SAFU fund balance. User funds are overcollaterized, with the value not decreasing over the past days, with all user funds showing 100% or higher collaterization
Looking at the SAFU fund (a separate fund dedicated as a backup), it is not decreasing in size either in any way. Would binance be trying to artificially hold up the value of BNB, we could expect this fund to go down.
Neither funds I going down, and it seems that there is no evidence to suggest that binance is manipulating BNB.
As for speculation regarding price floors, it could be the market’s natural equilibrium, but just a lot of whale buying power at that level.
This is not to say to NOT be skeptical of binance - it’s important to be a bit, but let’s not go crazy with the FUD just yet
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