Libertycity_Niko

One trader just paid about $15.45M to learn the oldest lesson in crypto.

Per Lookonchain, wallet 0x4b62 shorted $BTC into the US midterm dip and got liquidated 6 times in about 2 hours as price bounced from the $75.7K wick back above $78K. Total wiped: 199.83 BTC.

He still held a 70.99 BTC short with a new liquidation price near $78,193, and BTC has since traded as high as $78,514 on Binance today.

Meanwhile spot ETFs are still bleeding. BTC funds saw $116M of outflows on Nov 3 (third red day in a row) and ETH funds about $85M, per SoSoValue. To me this bounce looks driven more by shorts covering than by fresh ETF money.

My take: squeeze rallies can run, but they need real spot demand to stick. I'd want ETF flows to flip green before trusting a push past $80K that actually holds.

Lesson: being right on direction doesn't matter if your leverage can't survive the wick.

#Bitcoin #Liquidations #CryptoMarket #OnChain
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$ETH is knocking on the same door for the third day in a row. Since the Oct 30 flush to $2,174 it has been stuck under roughly $2,310 to $2,320 (highs of $2,318 on Nov 2, $2,309 on Nov 3 and $2,313 today). This morning it wicked down to $2,226 and bounced hard, and it sits near $2,305 on Binance spot right now.

My plan through Nov 10: a daily close above $2,320 is the trigger I'd watch, and if it holds, the Oct 28 high near $2,390 is the next stop. Another rejection plus a loss of $2,226 would put the $2,174 low back in play.

Slight bullish lean, because buyers defended the dip fast. I'm wrong if we get a daily close below $2,226 this week.

#ETH #Ethereum #PriceAnalysis #CryptoMarket NFA

The rise and fall of SafeMoon, in five dates.

March 2021: SafeMoon launches on BNB Chain with a 10% tax on every transfer. Half is "reflected" to holders, half goes to a liquidity pool the team says is locked. The pitch was simple: just hold and get paid.

March 12 to April 20, 2021: the price rises more than 55,000% per the SEC. In the months after launch it passes one million holders and a market cap above $8 billion at its peak, per the DOJ.

April 20, 2021: people learn the liquidity is not actually locked, and the price drops almost 50% in a day.

November 1, 2023: the DOJ and SEC charge the CEO, the founder and the former CTO. Prosecutors say insiders drained the "locked" pool to buy sports cars and homes. SafeMoon US files for Chapter 7 bankruptcy on December 14, 2023.

February 10, 2026: CEO Braden Karony is sentenced to 100 months in prison after a May 2025 jury conviction. The founder, Kyle Nagy, is still at large.

The lesson: "locked liquidity" is only a claim until you can check it on-chain yourself. A token that pays you just for holding is usually paying you with someone else's money.

$BNB #CryptoHistory #SafeMoon #CryptoLessons #RugPull

Not financial advice.

$SOL has printed lower highs for two weeks, from about $109 on Oct 21 to a $98.6 high on Oct 30, and this morning it wicked to $89.9 before bouncing to around $92.9 now.

My read: $90 is the line that matters this week. If daily candles keep closing above $90 and SOL reclaims $96 on a close, I'd look for a push back toward $98.6 to $100 by Nov 10.

Lose $90 on a daily close and the trend says the mid-$80s come into play next.

Slight bearish lean while lower highs hold. What would make me wrong is a daily close above $98.6, which breaks the pattern.

#SOL #Solana #PriceAnalysis #CryptoMarket

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A French bank just showed up in a crypto theft story.

On-chain investigator ZachXBT says the institution behind a theft of more than $133 million is Crédit Mutuel Arkéa, a French banking group with roughly $235 billion in assets. It's still an allegation from on-chain work, so treat the name with care until the bank confirms.

What happened, per ZachXBT: funds were pulled from several exchange accounts on Nov 1, withdrawn as USDC and USDT, then swapped into $ETH and the privacy coin $XMR and spread across chains.

My take: as big institutions bring big balances into crypto, attackers follow the money. An exchange account is only as safe as the people and keys behind it. If you hold on an exchange, use withdrawal address whitelists and hardware 2FA, and keep long-term coins in self-custody. Never share seed phrases and ignore DMs.

#CryptoSecurity #CryptoNews #Hack

Not financial advice.

Morning market check, Nov 4 (US midterm results day)

$BTC wicked to $75,736 overnight on Binance, below the Oct 30 low of $76,326, and is trading near $76,450 as I write. Total crypto market cap is about $2.59T, down roughly 2.9% in 24h, with BTC dominance near 59%.

Two things I'm watching:
1) Fear & Greed climbed from 26 to 34 even as price dipped, so sentiment is healing faster than price.
2) Stablecoin supply fell about $11.5B in a month to around $291B per CryptoQuant data, which means less dry powder on the sidelines.

My view for this week: a daily close back above $78,000 opens $79,000 to $80,000. A daily close below $75,700 and I'd expect $74,000 to $75,000 to get tested. Until one of those breaks, I'm treating it as chop and keeping size small.

How are you reading the election result for crypto?

#CryptoMarket #Bitcoin #FearAndGreed #USElection
Not financial advice.

$SOL has printed lower lows since the Oct 29 drop. It slipped to $90.87 on Nov 2 and is back near $93.5 today, up about 1.3% on the day while Fear & Greed sits at 26.

How I'm reading it for Nov 3 to Nov 10:

If SOL gets a daily close back above $96.4 (the Oct 30 close), I'd look for $98.6 first and then the $101 to $102 area where it spent most of late October.

If it closes a day under $90.87, the bounce failed, and the weekly chart shows thin support until the $74 to $78 base SOL broke out of in August.

Slight bullish lean only because sellers keep failing to hold it below $91, but this stays a downtrend until $96.4 is reclaimed.

#Solana #SOL #PriceAnalysis #CryptoMarket
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How the biggest exchange hack ever actually happened

Binance just released initial findings on the Oct 29 incident. Short version: not one bad click, but a slow, patient attack that started months earlier.

June. A wallet DevOps engineer (Engineer A) downloaded a tampered Homebrew installer for an AI coding tool. Security caught it and replaced the laptop, but the attackers had already mapped A and the wallet team.

September. Engineer B got a fake job offer: an HR video call, then a "CEO" round, then a take-home repo run on a work computer. It carried 0-day malware that endpoint protection missed.

October 20. From B's machine, the attackers used an internal AI tool to reach A and wallet engineer C. On A's machine they found a token with container deployment rights.

October 29. Using C's computer and A's credentials, they deployed a container whose script reached the wallet signing service. Funds left hot wallets from 20:05 UTC.

The twist was EIP-7702: they delegated part of a hot wallet's control to their own contract. That lived on-chain, so pausing withdrawals couldn't stop it, and with MPC there was no single key to revoke. It took until 00:10 UTC Oct 30 to clear.

Now: about $6.34B impacted, roughly $2.85B frozen or intercepted. Binance says it is absorbing the loss and users bear none. The FBI says North Korea is responsible.

Lesson: fake job offers, fake installers and poisoned dev tools are the front door now. Double-check every download and every "interview" task.

h/t CryptoTelugu on X

NFA. Just sharing what the report says.

#Binance #CryptoSecurity #BNB #Hack #EIP7702

$XRP follow-up on last night's levels. I said $1.275 was the line to watch, and today price pushed through it, tagging $1.291 and sitting near $1.279 now (+2.3% on the day, Binance spot).

A wick above isn't a breakout yet. What I want is a daily close above $1.275 (5:30am IST). If that holds, $1.31 is the first target, where price kept stalling Oct 22–26, then $1.335.

If it slips back under $1.275, this was just another poke at the top of the box, and losing $1.235 puts the Oct 30 low of $1.20 back in play.

Slight bullish lean for Nov 3–10. I'm wrong if we close back below $1.235.

#XRP #Ripple #PriceAnalysis #CryptoMarket
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The rise and fall of Axie Infinity ($AXS)

In 2021, Axie was the hottest game in crypto. People bred and battled NFT creatures to earn tokens, and some players in the Philippines treated it like a full-time job. It hit about 2.7 million daily players in November 2021, and AXS peaked at $164.90 on Nov 6, 2021.

Then the cracks showed. The rewards only held value while new players kept buying in. On March 23, 2022, hackers drained 173,600 ETH and 25.5M USDC (about $540M at the time) from the Ronin bridge behind the game, using 5 of its 9 validator keys. Nobody noticed for six days, until a user's 5,000 ETH withdrawal failed. The FBI later tied it to North Korea's Lazarus Group.

Today AXS trades near $0.85, roughly 99.5% below its peak.

Two lessons: rewards paid by new money aren't a business, and a bridge is only as safe as its keys. With North Korea hack headlines back this week, it's worth remembering.

$AXS $ETH #CryptoHistory #AxieInfinity #CryptoLessons

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$SOL is sitting on its lowest level since late August.

Yesterday's daily low was $90.87, and price is around $93 now. Since the Oct 21 peak near $109, every bounce has topped out lower: $103.85, then $98.60, then about $96.

My plan for Nov 3–9:
- Daily closes holding above $90.80 and a reclaim of $96.40 (the Oct 30 close) would end the lower-highs pattern. Then I'd watch $100–102.50.
- A daily close below $90.80 opens $87.70, the Aug 22 low.

Slight bearish lean until $96.40 is reclaimed. A daily close back above it is what would make me wrong.

#Solana #SOL #PriceAnalysis #CryptoMarket

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South Korea may make exchanges keep 99% of customer crypto in cold storage.

Per Wu Blockchain, citing News1, the Financial Services Commission is weighing a jump from the current 80% minimum to around 99%, as a direct response to the $6.3B Binance hack.

My take: it makes sense. Hot wallets are where most exchange hacks happen, and this week's Mercado Bitcoin loss was hot wallets too. The trade-off is slower withdrawals on busy days, because more coins need manual signing before they can move.

For us as users the lesson doesn't change: an exchange is for trading, not for parking everything long term. Keep what you hold for years in a wallet you control.

$BTC $BNB
#CryptoNews #SouthKorea #CryptoSecurity #Binance
Not financial advice.

$ZEC is back at the bottom of the range it has chopped in for a month.

Yesterday it dropped from ~$1,285 to ~$1,126 on Binance spot. Today it's bouncing near $1,182. Since early October, every dip toward $1,110–1,130 has been bought, and every push toward $1,300–1,400 has been sold.

My plan for this week (Nov 3–9): as long as daily closes hold above $1,120, I lean toward a move back to $1,265, and if that breaks, the Oct 29 high near $1,400. A daily close below $1,120 kills that idea, and the Oct 18 low around $1,050 is next.

Privacy coins swing hard both ways, so size small.

#ZEC #Zcash #PrivacyCoins #PriceAnalysis
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Two exchange hacks in four days.

After Binance lost about $6.3B on Oct 29, Brazil's Mercado Bitcoin was hit on Nov 2. Chainalysis puts the theft near $49M, drained in waves across 17 blockchains. Mercado Bitcoin says only its hot wallets were affected, about $11M is already frozen with help from Tether, Circle, Paxos and Chainalysis, and clients will not lose assets. Deposits and withdrawals stay paused, and no one has been blamed yet.

My take: hot wallets keep being the weak spot. Keep only what you trade on exchanges, and ignore any "refund" message by DM, link or WhatsApp. MB says it never sends those.

$BTC $USDT

#CryptoSecurity #Hack #MercadoBitcoin #CryptoNews

h/t Ash Crypto on X. NFA.

Money is flowing back into Binance

When withdrawals reopened on Nov 1 after the hack, about $3.64B net left in the first ~9.5 hours. Today the flow has flipped: Lookonchain shows about $1.82B in net inflows to Binance over the last 24 hours. CZ also said today that hourly deposits are now above withdrawals.

My take: this is a good sign for trust, but not automatically bullish. Coins moving onto an exchange are often there to be sold or used as margin, and BTC is still sitting near $77K after a weak week.

I'd watch two things next: the new Proof of Reserves, and whether these inflows turn into spot buying.

$BNB $BTC
#Binance #BinanceHack #OnChain #CryptoNews
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BitConnect: the coin that promised guaranteed returns

Launched in Feb 2016, BitConnect sold a simple dream: buy its BCC token, lend it to the platform, and a secret "trading bot" pays you daily profits. Referral links did the marketing.

By late Dec 2017, BCC hit an all-time high of about $463, and the US DOJ says the project peaked at a $3.4B market cap.

Then regulators showed up. Texas issued an emergency cease-and-desist on Jan 4, 2018, and North Carolina followed on Jan 9. On Jan 16, BitConnect shut its lending program overnight. BCC fell more than 90% within a day, and users who had deposited bitcoin were paid back in the collapsing coin.

In Feb 2022, a US grand jury indicted founder Satish Kumbhani over an alleged $2.4B Ponzi scheme.

The lesson: when the yield is "guaranteed" and the pitch is mostly referrals, someone is the exit liquidity. Make sure it isn't you.

$BTC
#CryptoHistory #BitConnect #CryptoScams #CryptoLessons
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Fear & Greed is at 26 today, down from 37 yesterday. But look under the hood:

On Binance futures, about 72% of BTC accounts are long (long/short ratio ~2.57). Funding is flat at 0.01% and open interest is steady around $7.6B. People say they're scared, yet they're still positioned for a bounce.

BTC is ~$76.6K, right on the $76.3K floor from Oct 30.

My view this week: if daily closes hold $76.3K, that crowded long side gets its bounce toward $78.7K. If we close below it, those longs become fuel and $75K comes fast. Real capitulation usually shows up as negative funding, and we're not there yet.

$BTC #Bitcoin #FearAndGreed #CryptoMarket #BTCAnalysis NFA

$SOL is at its lowest level since late August

Price is around $91.9 on Binance, down about 2.7% today and roughly 10% since the Oct 29 hack day, when it opened near $102.4. Every bounce since then has been sold.

Levels I'm watching this week:
- Holding $90–91 (yesterday's low was $90.87) keeps a bounce toward $95 on the table.
- A daily close below $90 opens the door to $87.7, the Aug 22 low.
- A daily close back above $95 would prove me wrong.

Slight bearish lean until $95 is reclaimed. Window: Nov 3–9.

#Solana #SOL #CryptoMarket #PriceAnalysis
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Binance flows just flipped

Per Binance's own update, by 03:00 UTC today (8:30am IST) hourly deposits were running above withdrawals, five days after the Oct 29 hack.

Same morning, Whale Alert flagged 7,499 $BTC (about $575M) moving from an unknown wallet into Binance.

My take: deposits beating withdrawals is the trust signal people were waiting for. But a big BTC deposit to an exchange can also mean someone is getting ready to sell, and $BNB is still around $692, close to the $680 hack-day low. I'd want the new Proof of Reserves and a few more days of net inflows before calling this over.

#Binance #BinanceHack #CryptoNews
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The DAO hack: the day Ethereum rewrote its own history

June 17, 2016. The DAO, a crowdfunded investment fund on Ethereum, had a bug in its "split" function. An attacker used it to withdraw again and again inside one transaction and drained about 3.6M $ETH, around $50M at the time.

The stolen ETH sat locked in a child DAO for about 27 days while the community argued: do nothing ("code is law"), blacklist the attacker, or hard fork.

On July 20, 2016, at block 1,920,000, Ethereum hard forked and moved the funds to a recovery contract so DAO holders got their ETH back. About 85% of miners followed, per the Ethereum Foundation.

The rest kept mining the original chain. That became Ethereum Classic, $ETC, where the hacker still held the coins.

Lesson: even a "decentralized" chain runs on social consensus, and a smart contract is only as safe as its code. With the Binance hack still fresh, remember that every rescue has a cost.

#CryptoHistory #Ethereum #DAOHack
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