Binance: Survives Record $6.5B Hack as BTC Dips
Michaël van de Poppe notes the crypto market endured the largest hack in history at $6.5 billion on Binance, with Bitcoin falling 1.5 percent while most altcoins advanced 5-15 percent against it.
SourceAnalysis
Binance absorbed the largest hack on record at $6.5 billion, yet the broader crypto market absorbed the blow without cascading liquidations.
Bitcoin closed the session down 1.5 percent while altcoins posted 5-15 percent gains versus BTC, a classic risk-on rotation that historically signals underlying bid depth.
Price sits at $76868.92 inside the Bollinger Bands, pressing the lower band near $76334 while the EMA50 at $80166 and EMA200 at $81450 act as stacked resistance overhead. The MACD death cross at -933 keeps the 4-hour structure bearish, yet RSI at 32.47 has not yet reached oversold territory, leaving room for a quick relief bounce toward the mid-band before any deeper test of the lower band support.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast