$SOL as broken a local low with rising open interest. Shorting toward $88.55, provided the oversold RSI doesn't trigger a sudden, inconvenient relief bounce.
Crypto is bullish today, though cooler than this crowd usually runs. Bulls have 76% of the past 24 hours, 11 points below the 50-day average of 87%.
The suspected Binance hack was the thread the $BTC crowd couldn't drop. Binance founder Changpeng Zhao said the exchange may be the victim of the biggest-ever crypto heist, and that Binance users' funds were safe.
Analysts said hackers appeared to have made off with at least $1.7 billion. An on-chain tally reported by Decrypt puts the suspected drain at $5.57 billion across three blockchains, and Tether and Circle froze $1.8 billion. $SOL $ETH
Few hours ago I said a possible black swan event can take $BTC to 74-76k & the biggest possible black swan (Binance getting hacked) just happened & Bitcoin moved 2% only.
Most funds are already frozen as the entire space came together against the hackers.
Black swans mark bottoms & If this doesn’t mark bottom, idk what will!