🛡️ 4 questions every trader is asking this Friday
Q: Are funds on Binance OK after the hack?
A: Binance says it has already replenished about 98% of the ~$6.3B taken on Oct 29, using SAFU and company money, not customer balances. Its Proof of Reserves now covers 44 tokens (up from 10), so you can check your own balance is backed 1:1, and withdrawals have been reopening step by step since Nov 1. The last ~2% is in less liquid tokens, and the full post-mortem is still to come. The biggest theft in crypto history, and the exchange covered users first and then showed its books. That's the right order. 💪
Q: So why is $BTC bleeding?
A: Wall Street, not crypto. The Nasdaq slid about 5% into a correction on chip and AI worries, and more than $1B of leveraged crypto got wiped out in 24h, mostly longs. $BTC fell from $80,882 to about $75,400 and is steadying near $76K. $ETH dropped below $2,300, $SOL is about $89 and $XRP about $1.22–1.26.
Q: What's the grid play?
A: My $BTC range is $75,000 (floor) to $79,000–80,000 (ceiling). Today's $2.65B options expiry had max pain at $79K, and the 50-day average sits near $81.9K. If $75K breaks, the 200-day around $73.2K is next. For $SOL, the range runs from $88.8 (the 200-day line) to $97. Keep the grids tight and leave the leverage alone.
Q: What's next?
A: The US jobs report today, October CPI on Nov 10 and the Fed on Dec 9.
What's your $BTC grid range: $75K–$80K, or wider? 👇
Not financial advice. DYOR.
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