Worth $377 million, an address transferred out 4,581.94 BTC in one go after holding bitcoin for over 5 years.
After a security incident, the market typically goes through three stages:
1) Panic: News spreads and selling pressure concentrates;
2) Digestion: How large are the losses relative to the project, and will the stolen funds be dumped on the market?
3) Aftermath: The project’s progress on compensation determines whether sentiment can recover.
$BTC is currently at 81080.01, down 3.24% in 24 hours. Don’t rush to buy the dip—wait until stage 2 becomes clearer before reassessing.
After a security incident, the market typically goes through three stages:
1) Panic: News spreads and selling pressure concentrates;
2) Digestion: How large are the losses relative to the project, and will the stolen funds be dumped on the market?
3) Aftermath: The project’s progress on compensation determines whether sentiment can recover.
$BTC is currently at 81080.01, down 3.24% in 24 hours. Don’t rush to buy the dip—wait until stage 2 becomes clearer before reassessing.