On-chain security event-driven oversold strategy: BSC hot wallet attacked, losses of about $3.865 million. Once the news broke, NEAR took additional pressure; current price is 4.85, down 8.2% in 24 hours. BNB is holding around 770—almost unchanged.
The attacker targeted a hot wallet; the protocol’s assets were not affected. This kind of panic selling typically moves fast in and out, and the drop is even larger than that of the leading coins. It can be treated as an observation window for an emotion-driven oversell. Looking at the current price: NEAR is down 8.2% over a day, while BNB is moving sideways. The spread between them is wide enough that NEAR has slipped into the oversold observation zone.
The key point is that BNB at 770 hasn’t broken, so the risk hasn’t spread beyond the BSC ecosystem itself. Keep your position anchor on BNB, and wait for NEAR to consolidate and stop the selloff with decreasing volume before discussing any recovery.
#NEAR #BNB
The attacker targeted a hot wallet; the protocol’s assets were not affected. This kind of panic selling typically moves fast in and out, and the drop is even larger than that of the leading coins. It can be treated as an observation window for an emotion-driven oversell. Looking at the current price: NEAR is down 8.2% over a day, while BNB is moving sideways. The spread between them is wide enough that NEAR has slipped into the oversold observation zone.
The key point is that BNB at 770 hasn’t broken, so the risk hasn’t spread beyond the BSC ecosystem itself. Keep your position anchor on BNB, and wait for NEAR to consolidate and stop the selloff with decreasing volume before discussing any recovery.
#NEAR #BNB