🚨 A Lookonchain analysis indicates that, following the Binance hack, the attacker dumped more than 130 altcoins and sold around 279 MM USD worth of crypto.
In my view, the massive sell-off could put downward pressure on altcoin pairs and keep fear sentiment elevated (index at 34). The prices of $BTC , $ETH and $BNB are still showing slight daily gains, but their weekly trend is negative.
How do you think the market will react to this selling pressure?
#BinanceToResumePhaseOneOfWithdrawals #Bitcoin
In my view, the massive sell-off could put downward pressure on altcoin pairs and keep fear sentiment elevated (index at 34). The prices of $BTC , $ETH and $BNB are still showing slight daily gains, but their weekly trend is negative.
How do you think the market will react to this selling pressure?
#BinanceToResumePhaseOneOfWithdrawals #Bitcoin
