Very sad day for the entire crypto market. 💔
Ever since the Binance hacking news started circulating today, and the official confirmation that $7.5 billion worth of funds had been hacked, the market has been crashing like a waterfall.
Just yesterday, I warned you that the market was extremely weak and could crash. But honestly, this was unexpected. According to my analysis, I was expecting a gradual decline.
Anyway, whatever happened, the move has already played out. Almost $1.3 billion in total liquidations have taken place across the crypto market.
$BTC is still struggling around $77K. $ETH has recovered slightly, but it has also given a warning about $2,100.
Considering how sharply the market crashed and the fear currently building up, we might see a small recovery toward $79K.
But after that, another crash could follow.
Ever since the Binance hacking news started circulating today, and the official confirmation that $7.5 billion worth of funds had been hacked, the market has been crashing like a waterfall.
Just yesterday, I warned you that the market was extremely weak and could crash. But honestly, this was unexpected. According to my analysis, I was expecting a gradual decline.
Anyway, whatever happened, the move has already played out. Almost $1.3 billion in total liquidations have taken place across the crypto market.
$BTC is still struggling around $77K. $ETH has recovered slightly, but it has also given a warning about $2,100.
Considering how sharply the market crashed and the fear currently building up, we might see a small recovery toward $79K.
But after that, another crash could follow.
