$BTC y $5.8B out of Binance: panic or cleanup?
$BTC is trading at US$78,200 after a +0.74% move in 24h. The news travels fast: Cointelegraph reports net outflows of US$5.8B from Binance after the hack.
My take: a lot of money is leaving, but funding remains mild (+0.01%) and OI is falling. I don’t see mass panic, more like repositioning.
4h technicals are bearish. RSI is at 46.8. Key support is at 77,620; if it loses that, watch 76,413. Above, 78,523 is capping the rebound.
$ZEC (-1.7%) and $SOL (-1.3%) are also moving.
Will 77.6k hold, or is it heading to the floor? 🟢/🔴
#Binance #BitcoinOutflow #CryptoLiquidity
This is not financial advice. Do your research before investing.
$BTC is trading at US$78,200 after a +0.74% move in 24h. The news travels fast: Cointelegraph reports net outflows of US$5.8B from Binance after the hack.
My take: a lot of money is leaving, but funding remains mild (+0.01%) and OI is falling. I don’t see mass panic, more like repositioning.
4h technicals are bearish. RSI is at 46.8. Key support is at 77,620; if it loses that, watch 76,413. Above, 78,523 is capping the rebound.
$ZEC (-1.7%) and $SOL (-1.3%) are also moving.
Will 77.6k hold, or is it heading to the floor? 🟢/🔴
#Binance #BitcoinOutflow #CryptoLiquidity
This is not financial advice. Do your research before investing.
