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Did A Massive Bitcoin And Ethereum Sell-Off By Binance Trigger The Market Crash? Crypto Exchange Responds

  • Binance faced concerns after claims that they offloaded large amounts of Bitcoin and Ethereum.
  • Bitcoin and Ethereum experienced price crashes, potentially influenced by Binance's alleged selloff.
  • On-chain data shows significant reductions in Binance's holdings of Bitcoin, Ethereum, BNB, Solana, and stablecoins.
  • Binance denies the allegations, stating it was an internal accounting adjustment and reassures the safety of user funds.

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