$BTC
🚸🚸 Binance just committed $1B to Bitcoin. Now Justin Sun says Tron is following 🔥🔥
Any/all buy pressure lends itself to the cause (and by 'cause' we mean the potential short squeeze we have on our hands right now) 👀
Here's what you missed ↔️
Binance announced it will convert $1B from its user protection fund into $BTC over the next 30 days 👀
Hours later, Tron founder Justin Sun posted on X that the network will "increase its BTC holdings in the future ⬇️
Sun's announcement is notably vague ↩️
No amounts. No timeline. No source of funds disclosed ⌛️
This reads more like marketing than treasury strategy 👌
(But are we going to look a gift horse in the mouth? No.) ⌛️
The potential upside ⬇️
Right now, any significant buy pressure could help to wipe out the massive amount of leveraged shorts to the upside 👀
Though any buying from either Binance or Tron is probably going to be too slow/methodical to hurt shorts on their own 📢
But hey - every little bit helps!
Plus ↩️
More buyers with mandates to accumulate will help create a floor 👀
🚸 Warning 🚸 I do not provide financial advice 🔞The intent of this content is for you to be aware of market conditions before starting to invest 👌Thank you for reading 👌