$BTC $ETH $SOL Is this now an absolute bottom? The midterm elections haven't happened yet, and hackers still have 18,000 BTC and 195,000 ETH that they haven't sold. Is it time to buy the dip?
First, let's talk about today's headline: Binance's hot wallet was hacked. The hackers sold off large amounts of crypto to cash out, sending the market crashing to around 76,400. Liquidations reached as much as $1.5 billion. Institutions and whales later bought the dip, driving a recovery, but the rebound has had virtually no volume. There are still 18,000 BTC and 195,000 ETH in the hackers' hands that they haven't sold. Once they start dumping, another wave of selling could begin. On top of that, there's uncertainty surrounding the midterm elections.
My personal trading strategy: short at higher levels, and short the rebound. There's a high probability of another leg down.
BTC: Short at 78,500–78,000
ETH: Short at 2,250–2,260
SOL: Short at 98–97
#CryptoLeveragePositions $1.5 billion liquidated in 24 hours
First, let's talk about today's headline: Binance's hot wallet was hacked. The hackers sold off large amounts of crypto to cash out, sending the market crashing to around 76,400. Liquidations reached as much as $1.5 billion. Institutions and whales later bought the dip, driving a recovery, but the rebound has had virtually no volume. There are still 18,000 BTC and 195,000 ETH in the hackers' hands that they haven't sold. Once they start dumping, another wave of selling could begin. On top of that, there's uncertainty surrounding the midterm elections.
My personal trading strategy: short at higher levels, and short the rebound. There's a high probability of another leg down.
BTC: Short at 78,500–78,000
ETH: Short at 2,250–2,260
SOL: Short at 98–97
#CryptoLeveragePositions $1.5 billion liquidated in 24 hours
绝对的底部
32%
还有一波下跌
68%
621 votes • Voting closed