In this round of declines, the election was just the trigger
What’s really keeping the market up at night
is the $6-billion-plus hole at Binance 😶
The FBI’s latest accusation:
North Korea was behind the biggest crypto heist in history
Kim Yo Jong fired back directly
calling it a political provocation
As the two sides traded words from afar,
crypto prices took the first hit
The more immediate pressure is on-chain
After Binance restored its services,
the wave of user withdrawals never stopped
Billions of dollars flowing out
Trust
is lost much faster than prices fall
But the $74,000 level
is interesting
At one point, panic selling hit $494 million per hour
and the price plunged to $74,116
But large on-chain wallets were buying aggressively around $74,000
and managed to push the price back up
On one side, panicked investors are running
On the other, whales are lining up to buy at $74,000
This tug-of-war
is far more thrilling than watching candlesticks
Honestly,
the fallout from the $6-billion-plus heist isn’t over yet
The withdrawal wave + tighter regulation + tomorrow’s CPI
With all three piling up,
we’ll find out this week whether $74,000 can hold
What do you think about the defense of $74,000?
Is it a real dip-buying opportunity, or catching a falling knife?
$BTC $ETH $BNB
#市场观察 #比特币 #Binance
This is not investment advice. DYOR. Trading involves risk.
What’s really keeping the market up at night
is the $6-billion-plus hole at Binance 😶
The FBI’s latest accusation:
North Korea was behind the biggest crypto heist in history
Kim Yo Jong fired back directly
calling it a political provocation
As the two sides traded words from afar,
crypto prices took the first hit
The more immediate pressure is on-chain
After Binance restored its services,
the wave of user withdrawals never stopped
Billions of dollars flowing out
Trust
is lost much faster than prices fall
But the $74,000 level
is interesting
At one point, panic selling hit $494 million per hour
and the price plunged to $74,116
But large on-chain wallets were buying aggressively around $74,000
and managed to push the price back up
On one side, panicked investors are running
On the other, whales are lining up to buy at $74,000
This tug-of-war
is far more thrilling than watching candlesticks
Honestly,
the fallout from the $6-billion-plus heist isn’t over yet
The withdrawal wave + tighter regulation + tomorrow’s CPI
With all three piling up,
we’ll find out this week whether $74,000 can hold
What do you think about the defense of $74,000?
Is it a real dip-buying opportunity, or catching a falling knife?
$BTC $ETH $BNB
#市场观察 #比特币 #Binance
This is not investment advice. DYOR. Trading involves risk.