Bitcoin's Ongoing Plunge: Binance's $19 Billion Blame Game

The cryptocurrency market is still reeling from the fallout of the October 10 liquidation event, which has left a staggering $19 billion in losses. As the effects of this incident continue to resonate, many traders and analysts are scrutinizing Binance's involvement, leading to a stark division in opinions regarding its impact on Bitcoin's persistent downturn.

Since that fateful day, the market depth has struggled to rebound, raising concerns among investors. The ongoing decline in Bitcoin's value has forced many to reevaluate Binance's role and responsibility in the situation. With the cryptocurrency community split over the exchange's influence, the debate intensifies as traders seek to understand the dynamics at play.