Opinion: The more than 18,000 BTC stolen from Binance may be difficult to cash out in the short term, so potential selling pressure is limited—after this kind of news, I look at capital flows first, then prices.
On the face of it, this is a negative factor; how much it actually matters is for capital flows to answer. Prices ultimately tend to move in the direction capital flows, and news is just the starting point.
$BTC , down 2% intraday.
#btc70k
On the face of it, this is a negative factor; how much it actually matters is for capital flows to answer. Prices ultimately tend to move in the direction capital flows, and news is just the starting point.
$BTC , down 2% intraday.
#btc70k