Published 29 Oct 2026, 21:35 UTC · fetched 3 Nov 2026, 13:38 UTC
Ted
@TedPillows
More on the Binance hack and my thoughts: Tether froze about $971M and Circle about $823M. That's around $1.8B of the stolen stablecoins locked. The catch is that the hacker's wallet reportedly holds over $2B, including ETH, and ETH can't be frozen. That's the overhang. CZ says user funds are safe and expects them to be fully covered, but Binance hasn't confirmed that yet. The market reaction: $BTC lost $80K and wicked to $78.3K. Volume is about 5x normal, and spot selling is leading the move. BNB is down about 6% and ETH about 3%. US buyers on Coinbase aren't stepping in yet. Resistance at $80K, then $80.75K Support at $77.7K, then $75K If Binance confirms it's covering the loss in full, dumps like this often recover fast. If the hacker starts selling ETH or more bad news hits, expect a second wave. I'm watching for a reclaim of $80K before calling this a bottom. Although I am buying this dip.View original on X ↗
Deterministic: the same prices and policy always give the same result
unscored Awaiting manual review
Only the end-of-horizon price counts. A brief move followed by a reversal is not a success. Read the methodology
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