Binance News: Bitcoin Buy Signal Emerges as Binance and Metaplanet Accumulate BTC

In a significant development for the cryptocurrency market, a rare green buy signal has been flashed for Bitcoin, indicating potential upside for the digital asset. Leading exchange Binance and Metaplanet are among those accumulating BTC as selling pressure wanes.

Bitcoin Buy Signal Flashes as Binance and Metaplanet Accumulate

The Divergence metric between Global Liquidity and Bitcoin has flashed a rare green buy signal. Binance and Metaplanet are buying BTC as selling pressure decreases noticeably over the past month. Historically, this combination has seen green buy signals emerge when the Z-Score reached -3 below zero. For instance, Bitcoin saw a substantial price rise from below $500 to above $1,000 in early 2016 when a buy signal appeared.

Stablecoin Named After World Liberty Financial Launches on BNB Chain

Binance, the world’s largest crypto exchange, may be on the verge of a big business move. Reports alleged that the firm was in talks with WLFI to launch a new USD-backed stablecoin. Today, the crypto community first noticed USD1, an alleged WLFI stablecoin on Binance Smart Chain (BSC). Former Binance CEO Changpeng “CZ” Zhao commented on this asset, but only in minimal detail. So far, there’s no clear proof of an actual Trump connection.