Yesterday, after Binance announced its Bitcoin purchase, the market started to rebound. When Binance buys, they don't sell—it’s basically locked up.
With $1 billion, Binance can buy over 10,000 BTC, meaning there will be 10,000 fewer coins circulating and less selling pressure in the future. This is bullish for Bitcoin.
We need more big players like Binance stepping in to buy and hold. Binance is leading the way. @cz_binance