Binance: Hack Absorbed Fast per Hougan

Matt Hougan noted that his former colleague David Lawant has tracked how bitcoin historically absorbs thefts within hours while treating insolvencies far more severely, and the market is classifying the Binance event in the first category despite already negative macro sentiment around AI, inflation and elections.

Binance communication has been expert and price action shows little lasting damage so far, yet Hougan flagged elevated weekend risk in thin liquidity.

Price sits at $77277.77 inside the Bollinger band with the lower support at $76857.15 and upper resistance at $82991.87; the bearish EMA50 at $80313.62 and EMA200 at $81492.03 act as overhead resistance while RSI at 34.13 remains neutral and MACD at -819.13 confirms the death cross, suggesting any bounce attempt will likely stall near the upper band before retesting the 50-EMA zone.