Prediction evidence

Ro

Route 2 FI

@Route2FI

Binance would need a couple of months to fill this hole, unless they use other shady tactics to get whole faster. The hacker has $BTC worth $1.4b and $ETH worth $1b ready to sell. For $BTC, that's more than 3x the $450M that spot ETFs bought all week. If this is like the Bybit hack, then buying back coins could create meaningful demand. But there’s a large potential seller on the other side. With that said, I like the $BTC setup enough to take a position. My thought here is that Binance will 100% recover from this. But after this + October 10, another incident like this gives traders another reason to reconsider how much money they keep on CEXes (which is why we saw a huge spike in the $HYPE price after the hack). Decentralized exchanges for the win.