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Changpeng Zhao addressed the most popular FUD narratives circulating over the past few days:

➡️ “Secret $7M bet on Polymarket”

Fake. There is no such market on Polymarket or any other #prediction platform. The claimed volume simply doesn’t exist. ➡️ “CZ canceled the supercycle”

Misinterpretation. CZ said he is less confident in a supercycle than before, but never declared its end. Twitter filled in the rest. ➡️ “Binance sold $1B in BTC”

Incorrect. $BTC was sold by #Binance users, not the exchange itself. Wallet balance changes mostly reflect user withdrawals, while many still keep assets on the platform. ➡️ “SAFU fund isn’t buying BTC”

#Binance previously announced a SAFU restructuring: $1B will be converted from stablecoins into $BTC within 30 days. Purchases are done via CEX, and transfers may happen closer to the end of the period. Overall, $1B over a month is tiny versus BTC’s ~$1.7T market cap, more a signal than a real price-moving force. 💛

#crypto