$GUA Hacker Attack, Big Player Tianlong, Bottom Rebound or Trap?
News: Officials announced yesterday that a security incident occurred, and a hacker attack led to a significant price crash.
However, analysis suggests it might be a smoke screen intentionally released by the whales to trigger retail investors to dump their holdings quickly, allowing the whales to scoop up at lower prices, and today’s surge could confirm this.
Technical Analysis: After hitting the bottom today, there was a rapid rebound, but the open interest plummeted by $21 million in just a few minutes, likely due to shorts getting liquidated, although there was some capital flowing in at the bottom.
Overall, the hacker attack might just be a smoke screen from the whales, whose real intention is to accumulate chips at lower prices for a pump; however, we can't rule out the possibility of a rug pull. We'll need to keep an eye on the changes in open interest; if liquidity doesn't return to previous levels, we might just be looking at a dead cat bounce, harvesting the last wave!
News: Officials announced yesterday that a security incident occurred, and a hacker attack led to a significant price crash.
However, analysis suggests it might be a smoke screen intentionally released by the whales to trigger retail investors to dump their holdings quickly, allowing the whales to scoop up at lower prices, and today’s surge could confirm this.
Technical Analysis: After hitting the bottom today, there was a rapid rebound, but the open interest plummeted by $21 million in just a few minutes, likely due to shorts getting liquidated, although there was some capital flowing in at the bottom.
Overall, the hacker attack might just be a smoke screen from the whales, whose real intention is to accumulate chips at lower prices for a pump; however, we can't rule out the possibility of a rug pull. We'll need to keep an eye on the changes in open interest; if liquidity doesn't return to previous levels, we might just be looking at a dead cat bounce, harvesting the last wave!