OHN_XT retweeted
I learned nothing from losing millions again. I knew oversizing was wrong every time I did it. I knew I was overtrading but still did it.
OHN_XT retweeted
I suspect Binance may be behind this latest Bitcoin rally, and I have several reasons to believe so.
Shortly after BTC staged a strong recovery, CZ posted a message reassuring the market. Maybe it’s just a coincidence, but the timing makes me question what’s really driving this rally.
Let’s look at the bigger picture.
A reported $6 billion hack, with estimated losses of $3 billion. If these figures are accurate, that’s an enormous financial blow, one that could seriously damage investor confidence.
Meanwhile, the global economy remains under pressure, and there’s still no clear sign of significant new capital entering the market. Even Trump, one of crypto’s biggest political supporters, is losing political ground.
So what’s really driving Bitcoin higher?
I’m not ruling out the possibility of a continued short-term recovery. But a strong bounce doesn’t necessarily mean a new long-term bull market has begun.
Right now, I simply don’t see enough support from capital inflows, macroeconomic conditions, or investor confidence to believe this rally is sustainable.
I could be wrong about Binance’s involvement. After all, suspicion isn’t proof. But I’m still cautious about this rally.
Price going up is one thing. Having a solid reason for it to keep going up is something else entirely.
What do you think? Is this the beginning of a new bullish trend, or just another relief rally before the market heads lower?
OHN_XT retweeted
Nobody is asking why Binance had $6.3b in their hot wallet?
Why? They normally have a couple hundred million hot. That day they had $6.3b in insecure hot wallets?
OHN_XT retweeted
A wallet moved all 999.953 $BTC ($78.12M) after more than 6 years of inactivity.
The wallet received these 999.953 $BTC over 6 years ago, when $BTC was trading at $10,727.
arkm.com/explorer/address/1D…
OHN_XT retweeted
Withdrawals have now been re-enabled for the following networks and assets:
New：
✅ DOGE: DOGE
✅ OP (Optimism): ETH, USDT, USDC
Before：
✅ BTC: BTC
✅ ETH: ETH, USDT, USDC
✅ BSC: BNB, USDT, USDC
✅ XRP: XRP
✅ Base: ETH, USDC
Please carefully check all details during the withdrawal process, and make sure your device is secure and the address is correct. Safety first.💁🏻♀️
Latest Withdrawal Update
Withdrawals have now been re-enabled for the following networks and assets:
✅ BTC: BTC
✅ ETH: ETH, USDT, USDC
✅ BSC: BNB, USDT, USDC
✅ XRP: XRP
✅ Base: ETH, USDC
✅ DOGE: DOGE
✅ OP (Optimism): ETH, USDT, USDC
We will continue to restore additional assets and networks in phases as security checks are completed. Further updates will be shared through official Binance channels.
OHN_XT retweeted
I think Binance will be OK. Maybe focus on your own shit for once.
$6.3B hack. Over $6.34B set aside to cover losses. Nearly $3B already frozen. They're taking responsibility and working on fixing the mess.
Many of you clearly weren't around in October 2022.
Remember when the BNB Chain bridge was exploited and hackers minted 2 MILLION BNB out of thin air? Around $560M at the time.
The entire chain was halted. Imagine the damage to confidence when people realize a blockchain can actually be stopped. Yet they survived, fixed the vulnerability and moved forward.
I've seen Binance survive some serious shit over the years. I wouldn't bet against them now.
And to all the grave dancers, especially the rekt traders and meme coin gamblers suddenly celebrating:
I got liquidated on 10/10 too. You know who I blame? MYSELF.
Poor risk management. Too much leverage. Simple.
Every couple of years this market gives us a fucking liquidation candle. We've been here long enough to know better.
Of course Binance should be held accountable for its mistakes. But accountability and praying for an entire company to collapse are two very different things.
And some of you don't seem to understand the consequences.
If a giant like Binance actually collapses, you think your bags, your exchanges, your liquidity and your precious meme coins are going to be fine?
Mfers, the entire industry would be fighting for survival. You'd be on the streets alongside everyone else.
Meanwhile, a pregnant woman with tired eyes is out there explaining the situation while grown men are busy farming engagement from someone else's crisis.
Have some fucking shame.
Get your own shit together.
I believe Binance will recover, and eventually outperform again.
GM.
