Context: BNB is the only crypto chart which "only" dropped approx. 74% from its ATH in 2021... The entire crypto space has been bleeding out, but BNB has been hovering around up there.
Why should it drop down to $43.20? Because the chart says so, that's all I care about.
What needs to happen for that drop? I don't know, but I have a theory. Binance holds large sums of USDT. USDT is not completely backed by USD 1:1. Once that comes out, people will withdraw their money out of USDT causing it to go down. We are talking about billions of dollars. Binance will go down with it.
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