First, the main story:

Ethereum reorganization prompts THORChain to pause operations urgently, delaying the transfer of funds stolen from Binance

Security incidents like this first affect risk appetite; in the short term, watch whether funds shift toward more conservative positions.

Market overview:

$BTC 77,699.99 (+0.32%)

$ETH 2266.01 (+0.88%)

BNB 702.38 (-0.38%)

SOL 95.47 (-1.52%)

The market is consolidating, with both bulls and bears waiting for a signal.

What people are discussing:

#美国现货ETHETF连续23日净流出 #CZ称币安赔付到位最重要是保护用户

Sentiment and flows:

Fear & Greed Index: 34 (Fear), up 4 from yesterday

BTC overall long/short account ratio: 2.57, with longs accounting for 72%

Top movers:

Top gainers: ESPORTS +23.83%, POWR +20.29%, AIOT +16.83%

Top losers: SOPH -32.74%, IDOL -25.08%, AKE -23.6%

News:

1. Binance: Has covered $6 billion of the losses caused by the hack

2. Binance: Has covered $6 billion in losses from this theft

A few thoughts:

Until trading volume picks up, treat any breakout with skepticism.

What do you think of today's market? Leave a comment and let us know.