So what actually happened with Bitcoin?
1. Bitcoin Ordinals updated
BRC-20 network
2. A lot of tokens were created there and
a lot of transactions provided
3. The network couldn't cope with all these transactions, so
fees started to rise and
mempool puffed up
4. Binance closed withdrawals, as standard transaction fee became too low
5. Dumbass users thought that Binance is trying to
scam them and started to
sell #BTC hard only to
withdraw money from Binance
6. After Binance opened withdrawals again, a lot of people also withdrew ton of #BTC because they were scared
In a nutshell, Binance users dumped #BTC price hard because they
don't understand how a blockchain works. Astonishing, isn't it?
