Okay... $ESPORTS is actually moving up pretty strongly, and what interests me is how it's climbing step by step instead of just one crazy green candle.
From $0.0067 to above $0.014... with higher highs, higher lows and buyers stepping in after every small pullback.
Now trading around $0.0129 with +63% gains... and still holding most of its move.
But buddies... we have seen this circus MANY times .
These coins keep climbing, attract more buyers and SHORT sellers... and eventually when selling starts, the dump can be just as brutal as the pump.
I wouldn't SHORT just because it's up 63%... but chasing a LONG here with high leverage? Nope.
Let the chart give us a proper setup first. No reason to donate our capital to another crazy mover 😆
🚨 Binance recovering 90%... BUT WHAT ABOUT THE MARKET ❓
Okay so... Binance says it has now replenished 90% of the stolen assets after that massive $6.3 BILLION+ hack.
That's actually good news for users... but there is another problem nobody can fix by simply replacing the stolen funds.
MARKET CONFIDENCE.
$BTC is struggling around $77,500 after falling as low as $76,325, while $ETH is barely recovering around $2,250 after touching $2,174.
And remember... the market was ALREADY struggling before this hack happened.
This incident just added another layer of fear to an already weak market.
Even if Binance recovers 100% of the stolen assets tomorrow... does that automatically mean BTC goes back to $85K and ETH above $2,500? Obviously NOT.
Those liquidated positions aren't coming back either.
I am watching $76K support for BTC now... losing this region could bring another wave of selling, while reclaiming $80K would be a much better sign for buyers.
Personally... i still see these lower prices as opportunities for gradual SPOT accumulation, but not blindly opening leveraged longs on every red candle.
Binance can replenish its reserves... but restoring investor confidence is a completely different story.
What do you think buddies... is the worst already behind us or are we heading towards $75K❓
Woke up today and the whole market had turned RED... honestly i was shocked looking at those charts.
And i believe we all know what triggered this sudden dump...
That massive Binance security incident involving around $6.3 BILLION in affected assets. Binance says roughly $3 billion has already been frozen and user losses will be covered.
But the market doesn't wait for explanations...
$BTC crashed all the way to $76,500 before recovering towards $78k, and $ZEC which was looking so strong yesterday near $1,400 got slammed down to $1,180.
And meanwhile $HYPE ??This dude is STILL holding above $91 after touching $97.19... almost +16.5% while most of the market is struggling.
That's actually interesting... HYPE is showing some serious relative strength here.
But remember buddies... even the strongest coins can dump when panic takes over.
Almost $1.5 BILLION in leveraged positions reportedly got liquidated across the market. This is why i keep telling you not to risk everything on a single trade.
For now i am watching how BTC reacts around $76k–$78k... a recovery above $80k would be much more convincing.
I am still interested in accumulating ZEC and other strong alts like XRP, SUI, SOL on these dips, but in small amounts... no reason to rush when the market is this uncertain.
And please... don't confuse a cheap price with a confirmed bottom.
What are you guys doing today... buying this RED or waiting for things to settle ❓