Bitcoin slid to its lowest price since July over the weekend. A broad crypto selloff wiped out roughly $2 billion in leveraged positions along the way.

Then the internet went looking for someone to blame. Binance co-founder Changpeng Zhao, better known as CZ, quickly stepped in to say his former exchange was not the culprit.

According to CZ, Binance did not sell any crypto assets during the decline. He went further and said he had personally been buying digital assets in the days before prices fell. That is roughly the opposite of what the rumor mill had in mind.

On November 15, 2026, Bitcoin hit an intraday low somewhere between $61,946 and $62,112, depending on the data source. That marked the weakest level for the asset since mid-July.