First, a look at the market:

$BTC 77,332.02 (-3.28%)｜$ETH 2208.7 (-4.31%)｜BNB 711 (-5%)｜SOL 95.11 (-4.88%)

The drop is sharp; don't rush to buy the dip.

Sentiment and capital flows:

Fear & Greed Index: 30 (Fear), down 21 from yesterday

BTC whale long/short position ratio: 1.75, with longs accounting for 63.6%

Liquidations across the market totaled $26.94 million over the past hour, with long positions accounting for 93.8%

News:

1. Hackers linked to the $5.8 billion Binance theft transferred over $1 billion worth of ETH, possibly to launder it through Tornado

2. Binance hackers transferred over $1 billion worth of ETH to a new wallet

3. After selling 217.5 million ENA, the Binance attacker opened a 3x long position from a new wallet

4. From cold wallet security to Bitcoin’s ultimate dilemma: Why do I think the future of the crypto ecosystem lies in Ethereum?

5. STRK short positions are up a combined $4.46 million; the Binance hacker has started selling STRK

Biggest gainers and losers:

Top gainers: PARTI +47.77%, BLESS +27.23%, IDOL +17.38%

Top losers: JCT -28.44%, Q -24.78%, INTCB -22.61%

A few thoughts:

Follow the data, not your gut.

What would you do today?

Just chatting off the cuff—don’t take this as advice.