"Is it really Binance?" This is a question a subscriber asked me. To be honest, these kinds of questions are extremely sensitive right now and easily attract criticism, so I don't feel the need to endorse any platform, including Binance. However, logically speaking, without hatred or personal grudges, I genuinely believe Binance has no reasonable motive. While the stolen $6 billion ($3 billion already frozen) is a significant amount, it's not a lifeline for Binance. With normal operations, a year's profits can cover it. Destroying the market and wiping out investor accounts would be short-sighted and detrimental to the platform. Moreover, the truth will eventually come out. Binance is already a major player; if it's exposed later, it will only give competitors an opportunity to overtake them, resulting in more harm than good. Furthermore, according to Glassnode data, Binance's 30-day SVDD curve is upward, while Coinbase's is downward. This indicates that the selling pressure in the spot market that caused the continuous liquidation of long contracts, as everyone claims, mainly came from Coinbase. Conversely, Binance's spot market was dominated by active buying. Of course, the main force behind BTC has never been a single individual or institution. For example, I can still see that the major players who established their positions 15 days before Trump's pronouncements in August are still holding on (with an average cost around $62k). The more powerful and mysterious force behind this wave is very likely targeting them. Perhaps, the power dynamics in BTC are about to shift.