$BTC
๐ธ๐ธ Binance just committed $1B to Bitcoin. Now Justin Sun says Tron is following ๐ฅ๐ฅ
Any/all buy pressure lends itself to the cause (and by 'cause' we mean the potential short squeeze we have on our hands right now) ๐
Here's what you missed โ๏ธ
Binance announced it will convert $1B from its user protection fund into $BTC over the next 30 days ๐
Hours later, Tron founder Justin Sun posted on X that the network will "increase its BTC holdings in the future โฌ๏ธ
Sun's announcement is notably vague โฉ๏ธ
No amounts. No timeline. No source of funds disclosed โ๏ธ
This reads more like marketing than treasury strategy ๐
(But are we going to look a gift horse in the mouth? No.) โ๏ธ
The potential upside โฌ๏ธ
Right now, any significant buy pressure could help to wipe out the massive amount of leveraged shorts to the upside ๐
Though any buying from either Binance or Tron is probably going to be too slow/methodical to hurt shorts on their own ๐ข
But hey - every little bit helps!
Plus โฉ๏ธ
More buyers with mandates to accumulate will help create a floor ๐
๐ธ Warning ๐ธ I do not provide financial advice ๐The intent of this content is for you to be aware of market conditions before starting to invest ๐Thank you for reading ๐