Perhaps this FUD about Binance caused the price to dump down to 60K. It's true that Binance's reserves have decreased by $44 billion, but this $44 billion figure is the value in USD, not that Binance has withdrawn or lost that much of its assets. In the highly volatile crypto market: When the price of a coin falls, the USD value of the asset also decreases. Binance has not sold or withdrawn any coins. The total market Capital of cryptocurrencies has decreased by approximately 33%, from around $3.6 trillion to $2.4 trillion. When the entire market falls so sharply, it's normal for exchanges' USD reserves to decrease. If we look at each asset class in Binance's reserves: No abnormalities were observed. The assets with the largest holdings are BTC and USDT. These two types are less volatile than altcoins. Present: Binance's total reserves remain at approximately $155.7 billion. The headline "$44 billion drop" alone isn't enough to conclude Binance is in trouble. I'm just a clueless idiot who only reads nonsense FUD . #binance