Want to stop using CEXs?
I just launched an all inclusive, free to use resource for learning DeFi and Web3.
I believe in hands on learning and have a background in education. All tools and resources in DeFi Hub are free to use, unsponsored and publicly available. 1/2
Some possible scenarios for a likely $BTC bottom
1) Tag 10-12k slowly, L bottom for 6 months
2) Michael Saylor sells some $BTC
3) Other famous permabull capitulates, like El Salvador
4) 10k daily range candle (total range)
5) Major exchange does down with price cascade
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To reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund, to help projects who are otherwise strong, but in a liquidity crisis. More details to come soon. In the meantime, please contact Binance Labs if you think you qualify. 1/2
Now with all that being said, if FTX and Alameda were in trouble at these prices and after this bear market.
Imagine in what state other exchanges, actors, projects are.
To me this is mostly scary as fuck for the entire industry.