"Binance, the source of volatility in the virtual asset market"

A claim has emerged that most of the volatility in the virtual asset (cryptocurrency) market is generated by Binance.

On the 1st (local time), a contributor to ArabChain CryptoQuant said in a report, "Most of the volatility in the virtual asset market comes from Binance," adding, "Price direction was often determined by increases or decreases in Binance's momentum." He went on to say, "Surges in Binance momentum sometimes appear before market rises."

He also predicted a new bull market. The analyst said, "The current upside momentum from exchange-traded funds (ETFs) is not having a major impact on the market," and, "If ETF momentum rises, an institution-led bull market will begin again."