Trader: Binance may need to buy back $3.3B in crypto, supporting bitcoin
- —About $3B of the $6.3B Binance loss has been frozen
- —The $3.3B shortfall equals roughly 2.05% of Binance assets
- —Trader expects market purchases of assets including bitcoin
- —Doctor Profit holds a BTC long from $80,400 and spot bought at $60,000
Why it matters: If Binance does buy $3.3 billion of crypto on the open market, it would be a notable source of demand for BTC and altcoins.
Source: ChainCatcher 链捕手