$BTC DUMPED TO 67K
BINANCE FINALLY SOLD THE SPOT BTC THEY ABSORBED.
Made this warning to the subs yesterday. It's not over until Binance flush spot market.
Spot bids were removed and buy orders were placed around 67 68K.
The playbook of the undefeated wealthiest player in crypto.
Was this the capitulation?
binance has been liquidating everyone non stop since the hack
almost $3b of net $btc futures selling while spot caught every drop.....
it looks like the perp book is getting farmed to refill the fund
last night the spot bid finally cracked and $btc nuked through $70k
$btc isnt moving up until these games end
Binance’s CFO resigned shortly after the hack because the hole in the balance sheet was too big. There was a simple solution though since Binance is still a key price setter. Just liquidate levered customers and bring the price down far enough to replace the missing coins. Easy.
So Binance has now finished selling $BTC and other assets to fix the hole in their funds.
Incredible post by them admitting to doing so.
You don't hate @cz_binance enough.
Breaking: Reports state that the U.S. Department of Justice seized over $1.2 billion in cryptocurrency linked to North Korean actors from the major Binance hack, while separately (or in connection) disrupting the “FaceStealer” scheme.
IMO: US increasing their strategic reserve via budget neutral means
Every time @cz_binance gets bullish on CT, Bitcoin dumps within days.
At this point, CZ telling everyone to HODL is my biggest sell signal.
Next bullish CZ tweet = MAX SHORT BTC. 💀
🚨 SON DAKİKA:
⚠️ Bitcoin ve kripto market Binance tarafından manipülasyona uğruyor ve benim kanıtlarım var !!
Binance fiyatı likidasyonlara doğru itmeye devam ediyor, spot yatırımcı bunun bedelini ödüyor
Gerçek alıcılar coinleri piyasadan çekiyor, ama fiyat her yükseldiğinde binance tekrar satışa geçiyor ve fiyat yine düşüyor
Longlar siliniyor, likidasyon toplanıyor ama spot dibi almaya devam ediyor
Binance hack olayından beri bu devam ediyor, normalde spot gerçek harekete önderlik eder ama binance hack’ten aldığı zararı bu şekilde toplamaya çalışıyor !!
Balinalar rekor seviyede birikim yaparken, küçük yatırımcı dip seviyeleri shortlamaya başladı !!
Perakendeyi ayı tuzağına çekiyorlar, büyük oyuncular sessizce alıyor !!
BÜYÜK Manipülasyon yapılıyor ve bu gerçekten çılgınca‼️
Wow the crypto feed is in full despair mode.
Years of unrealistic expectations coming to fruition.
Positively, plenty of deep lifelong (beneficial) experience being handed out.
It’s all good.
Look at the data, it's all Binance.
Trying to recover from the $6B hack by unnaturally forcing liquidations. This is likely what caused the TT/TT2 indexes to bug out over the weekend btw.
Binance gets hacked
halts withdrawals
nukes market
opens withdrawals except HYPE
opens HYPE last
nukes market more via selling on perps
liquidating longs to move price down
Another case of Binance crime cartel damaging all of crypto to try & take down a competitor
binance controls the $btc price
the btc price is not set by buyers anymore
91% of btc volume on binance is now perps..... the highest share ever recorded
the real spot buyer moved out
> long term money buys etfs in us hours
> offshore is mostly perps chasing liquidations
so the price you watch on a sunday night is set by leverage
every wick gets a headline after the fact
> jensen did it
> the etf outflows did it
but the liquidation engine is what actually did it
anyone can see where liquidations cluster on a public heatmap
thin weekend books make them cheap to reach
longs paid funding nearly every day this month
and most binance accounts still lean long
that pile of borrowed longs is the fuel for every flush
when 91% of volume is borrowed price goes wherever the most pain is
perp traders will hate this since every loss gets blamed on a headline
except headlines are fake- they are the headline
every flush hands cheap coins to spot holders
stop reading wicks as a verdict on btc
own spot and let the perps fight
the next leg up wont need a headline either
and it will hurt the same people
once these games end ath is coming