The Binance proof of reserves is now due on Tuesday, not Monday, and the delay itself is the story. 📰
Bitcoin.com News reported on 2 November that the full zero knowledge proof, first promised for Monday, is now due Tuesday 3 November, after 40 to 50 hours of computation, while DeFiLlama tracked assets fell from 144.9 billion dollars on 29 October to about 128.3 billion dollars on 2 November. 📊 My reading is that a one day slip is not proof of trouble by itself, but it leaves traders holding a stabilising claim without the document that would settle it, and a market that rallies on an expected proof can reverse fast if Tuesday slips again.
Do you wait for the Tuesday proof before sizing up, or trade the stabilising claim tonight? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #ProofOfReserves
Bitcoin.com News reported on 2 November that the full zero knowledge proof, first promised for Monday, is now due Tuesday 3 November, after 40 to 50 hours of computation, while DeFiLlama tracked assets fell from 144.9 billion dollars on 29 October to about 128.3 billion dollars on 2 November. 📊 My reading is that a one day slip is not proof of trouble by itself, but it leaves traders holding a stabilising claim without the document that would settle it, and a market that rallies on an expected proof can reverse fast if Tuesday slips again.
Do you wait for the Tuesday proof before sizing up, or trade the stabilising claim tonight? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #ProofOfReserves
