Quarterly destruction is a reduction in holdings.

First of all, the current sales are not impressive; the recent sell-off is due to retail investors' sentiment following a significant reduction in returns from the recent IDOs, mining, and airdrops. Secondly, Binance's own reduction in holdings has always been a long-term situation. Each mining event only has around 10 million coins, while the remaining 100 million coins are always prepared to be sold off as the coin price rises. Overall, BNB is still in the early to mid-stage because they hold a large amount of the coins themselves, which prevents the coin price from looking too bad. There are also expectations for price stretching and frequent hype. The market volatility is much better than that of altcoins, and it has strong operability.