STRK: Binance Hacker Dumps Token as Shorts Gain
Onchain Lens reports the Binance hacker has begun selling STRK, adding pressure while two Hyperliquid traders hold $4.46M in unrealized profits on shorts with one up $1.61M and the other $2.85M.
SourceAnalysis
Binance hacker sales have hit STRK at $0.04, coinciding with two Hyperliquid traders sitting on $4.46M combined unrealized short profits. Price sits at the lower Bollinger support of $0.04 with both EMA50 and EMA200 acting as resistance at $0.05, locking in a bearish structure confirmed by the MACD death cross. RSI at 28.77 shows oversold conditions yet offers no immediate reversal signal against the ongoing supply. The confluence of hacker-driven selling and leveraged short positioning keeps downside pressure intact at current levels.
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