The current market situation with BNB and the rest of the market is eerily similar to when Alameda was dumping their bags to try and secure FTT Value.

As you all likely remember back when FTX was crashing they were selling off crypto assets to try and hold the value of FTT. This was repeated endlessly until they could no longer afford to do so. This was especially hard on Alamedas cash Cow, Solana - which dumped repeatedly from $30 during the collapse and found a bottom at $9 after the collapse of FTX.

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In looking at the crypto market today it feels eerily similar to what is happening with Binance and BNB today. While the rest of the market is down, BNB is up.

https://preview.redd.it/o1gdno01evjb1.png?1284&format=png&auto=webp&s=477e2b88369e0ea1e21cc417cbbb4acc33fd0914

We do know - Binance is a huge crypto company, and they obviously have BTC and other crypto assets to throw around -

We also know

• BNB makes up 29% of Binances SAFU fund source
• Binance set aside $1B in BUSD for their industry protection fund - but that was drained 163 days ago when BUSD got into regulatory problems source and they transferred that into BTC/BNB/ETH. source 2
• When Binance acquires comanies they don't disclose the terms of those purchases like the acquisition of Sakura Exchange BitCoin in Japan - but it's safe to assume it's part BNB. source

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None of this is hard proof that Binance is selling other crypto assets to support their BNB leveraged expenses - (and it could totally be a coincidence) - but it definitely looks like they are.