👀 Yesterday we had just praised the fact that “the withdrawal wave has stabilized,” and today the broader market gave us a rude awakening—
To put it another way: the sky isn’t falling. We’d just caught our breath, and now we’ve been pushed back underwater and forced to swallow another mouthful.
📌 Data as of 7:10 this morning (TradingView):
$BTC 76,692 dollars, down 1.61% in 24 hours, back below 77,000
$ETH 2,252.0 dollars, down 0.58% in 24 hours, holding up relatively well
$SOL 91.98 dollars, down 2.01% in 24 hours, the biggest drop
BNB: 698.25 dollars, down 1.25% in 24 hours
💡 First, the good news: withdrawals at Binance have stabilized. Of the 6.3 billion dollars stolen, 95% has been replenished, and net outflows account for only 2.1% of total assets. In other words, plenty of people ran, but the coffers haven’t been emptied. That wave of panic has passed.
My take: short-term outlook is bearish. BTC has fallen below the 77,500 mark (support is the level below that props up the price; if it breaks, it can no longer hold it up). First, let’s see whether it can hold at 76,400. Only if it holds is there a chance of a rebound. If it doesn’t, don’t rush to catch a falling knife.
Are you buying the dip today or staying on the sidelines? Tell us in the comments 👇
For reference only; this is not investment advice.
To put it another way: the sky isn’t falling. We’d just caught our breath, and now we’ve been pushed back underwater and forced to swallow another mouthful.
📌 Data as of 7:10 this morning (TradingView):
$BTC 76,692 dollars, down 1.61% in 24 hours, back below 77,000
$ETH 2,252.0 dollars, down 0.58% in 24 hours, holding up relatively well
$SOL 91.98 dollars, down 2.01% in 24 hours, the biggest drop
BNB: 698.25 dollars, down 1.25% in 24 hours
💡 First, the good news: withdrawals at Binance have stabilized. Of the 6.3 billion dollars stolen, 95% has been replenished, and net outflows account for only 2.1% of total assets. In other words, plenty of people ran, but the coffers haven’t been emptied. That wave of panic has passed.
My take: short-term outlook is bearish. BTC has fallen below the 77,500 mark (support is the level below that props up the price; if it breaks, it can no longer hold it up). First, let’s see whether it can hold at 76,400. Only if it holds is there a chance of a rebound. If it doesn’t, don’t rush to catch a falling knife.
Are you buying the dip today or staying on the sidelines? Tell us in the comments 👇
For reference only; this is not investment advice.
