Cryptocurrency traders accuse Binance of causing the decline in Bitcoin prices, but data points to Coinbase
2026-11-15 20:45:13
According to CoinMeta, crypto traders blame Binance for the decline in Bitcoin prices, but data shows that the cumulative trading volume of Coinbase ( CVD ) reached -1.08 billion US dollars between October 31 and November 15, indicating that sellers were more active on that exchange. In contrast, the trading volumes of OKX, Bybit, and Binance's CVD were 240.3 million, 65.17 million, and 51.88 million US dollars respectively, showing that buyers were more active on these three exchanges. Bitcoin prices fell from $81,188 on November 4 to $61,956 on November 14, a decrease of about 24%. Nevertheless, Binance's CVD has remained positive since October 31.
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Source:U.Today
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