According to Flood (@ThinkingUSD), during a period of market panic, he strategically deposited millions to short, indicating a bearish outlook on the current market conditions. This move suggests a potential decline in asset prices, which traders may consider for short selling opportunities.

According to Skew Δ, the Bitcoin market is experiencing significant panic due to risk-off selling following the Bybit wallet hack. The $98K level is identified as a pivotal trend indicator, with bullish signals if BTC remains above this level due to buyer interest, whereas movement below could suggest continued weakness.