Binance Co-founder CZ: Binance Has Not Sold Crypto Assets, Personally Bought Recently

TechFlow reported on November 16 that, according to a post by Binance co-founder CZ, Binance has not sold any crypto assets, and he personally purchased crypto assets after receiving some stablecoins in recent days.

Regarding the crypto market downturn, CZ stated that no one knows the exact cause, noting that correlation does not equal causation. He listed potential factors including outflows from US spot Bitcoin ETFs, concerns over security incidents, and US inflation and policy uncertainty, while expressing a bullish outlook for the crypto industry in the mid-to-long term.