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Bitcoin won't bounce until the Binance hack money is dumped
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Crypto X is blaming the slide on the reported $6.3 billion drained from Binance's hot wallets, with BTC now hovering near $67k and no real bounce yet. The theory: the market won't recover until the hackers finish dumping, so every rally gets sold. Others say it's the usual post-midterm cycle pullback and the hack is just a convenient story. Which is it?
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Comments (4)
hackers don't market sell billions on spot, they launder slowly. this is just a bear market
cap
has binance even confirmed the number or is 6.3b just from twitter
same thing happened after every big exchange hack. dip, chop for weeks, then everyone forgets