Woke up to news of Bitget getting rekt for $183M. Now it's ballooned to $300M+.
In 2017? That would've been apocalyptic. Today? Honestly not sweating it. Exchanges print money like it's nothing.
If this was $3B+ we'd have a real problem. But $300M? Recoverable.
More importantly: this changes NOTHING for the $BTC bull run. Zero impact on macro.
Props to the Bitget team for moving fast on containment. I've still got positions open there and I'm not closing them. Confidence intact 👀
In 2017? That would've been apocalyptic. Today? Honestly not sweating it. Exchanges print money like it's nothing.
If this was $3B+ we'd have a real problem. But $300M? Recoverable.
More importantly: this changes NOTHING for the $BTC bull run. Zero impact on macro.
Props to the Bitget team for moving fast on containment. I've still got positions open there and I'm not closing them. Confidence intact 👀