THIS IS NOT A BULL RUN.
Binance having to buy back 40 million worth of Bitcoin in a rush of a week to allow withdrawls back on accounts is raising the price this week. However this doesn't mean people WONT SELL after the withdraws are back.
WE HAVE NOT SEEN THE EFFECT OF THE BINANCE HACK YET. PROCEED WITH CAUTION.
they already have enough btc in the safu fund...
Lmfao even if this were the case, people still have paper btc in their wallets right now and could sell right now.
Good I hope it goes back down to $3800 where I bought in and stays there for at least another year so I can continue to accumulate
Personal stacks are not the safety funds.
Safety funds are held in FIAT.
Binance needs to purchase 40 million if Bitcoin using FIAT this week.
People are waiting for adoption and a legit bullrun.
This is not it.
Biggest exchange gets hacked and people want a bullrun. Please.
Their daily trading volume is like 10x the amount they need to buy so it wouldn't move the market significantly, but realistically they probably would just get it OTC...
There are so many crypto key players that are deciding to help out Binance this week. They are using BTC.
This is NOT a legit bullrun.
I wonder if any BIG players will sell after Binance withdraws are back also.
The Biggest exchange just got hacked and THEY WILL NOT ALWAYS BE ABLE TO COVER EVERYONE regardless of what people want to believe.
How close you are to liquidation you degen ?
I don't short Bitcoin.