Gman23 |

[Gman23 | @GmanQNT]

$SAUCE me

[steve @bagshaw2112]

Sorry this made me smile. Apologies if offended.
This is how you use the crossing apparently.😳😳😳😳

[CZ 🔶 BNB @cz_binance]

Some thoughts on the recent hack(s).

There is a pattern where hackers were able to steal large amounts of crypto from multi-sig “cold storage” solutions, as with ByBit, Phemex, WazirX and potentially others. In the most recent ByBit case, the hackers were able to make the front-end user interface show a legitimate transaction while the actual signing was for a different transaction. I am less familiar with the other cases, but they sound similar based on limited available info.

What’s more scary is that the affected exchanges used different multi-sig solution providers. The hackers, the Lazarus Group, are highly advanced and broad in their abilities to penetrate. It is still unclear whether the hackers were able to penetrate multiple signing devices, or the server side, or both in each of these cases.

Some people questioned my suggestion of halting all withdrawals as a standard security precaution (in a tweet I posted from a shuttle bus to the plane). My intention was to share a practical approach based on my experiences and observations, yet there is no absolute right or wrong in either approach. My guiding principle is always to lean on the safer side. After any security incident, pause everything, make sure we fully understand what happened, how hackers penetrated the systems, which devices were compromised, triple-check all is safe, and then resume operations.

Pausing withdrawals could cause more panic, of course. In 2019, we paused withdrawals for a week after a massive $40 million hack. When we resumed withdrawals (and deposits), we saw more deposits than withdrawals. Not saying this is a better approach. Every situation is different. It’s a judgment call. My tweet was to share what might work and my intention was to show support in a timely manner. I am sure Ben made the best decision based on the info he had.

Ben did a good job maintaining transparent communication and calmness in dealing with a challenging situation. That shows a sharp contrast to other less transparent CEOs, like WazirX, FTX, etc.

The cases mentioned here are all different. FTX was fraud. WazirX, I will refrain from commenting as there is an ongoing lawsuit.

Most importantly, we should never take security for granted. It is important to learn about security yourself so that you can choose the right tools for your needs. For this, I will share an article I wrote a few years ago. It’s a little outdated, but the fundamental concepts still apply. Stay SAFU! https://t.co/WYtTajg1sB

[Gman23 | @GmanQNT]

$SPECT 🤝

[SPECTRE AI @Spectre__AI]

Next up, we’re expanding the Spectre AI App: Mobile Edition with more Desktop functions.

- Market Overview, Sector Performance, Chart Comparisons, X Trending and more are being integrated.

#AI $SPECT

[Gman23 | @GmanQNT]

@PackHederaBull @hashpack $PACK is the ticker

[CrediBULL Crypto @CredibleCrypto]

Timeline in shambles again this morning.

Bitcoin still trading comfortably above 100k.

Alts down back to levels not seen since the day before yesterday.

What is wrong with you people 😂

[Gman23 | @GmanQNT]

@HBARLARI Love it. Imagine when there’s 20-25k a day buy backs 💪🏻

[Gman23 | @GmanQNT]

@mrforesight64 @Spectre__AI $SPECT 🤝

[Gman23 | @GmanQNT]

@CryptoGodJohn for CA ‘crypto gold’

[Gman23 | @GmanQNT]

$BTC

[Cheds Trading @BigCheds]

$BTC one of the cleanest daily charts in history

[Gman23 | @GmanQNT]

@Spectre__AI @tradingview Team is relentless, love it 🤝

[Gman23 | @GmanQNT]

I guess saylors small fry 🍤

[CrediBULL Crypto @CredibleCrypto]

This is an important one so pay attention folks.

I've touched on this in the past but people underestimate how much of an impact long term holders have on the supply/demand equation of $BTC.

"Long Term Holders" are on-chain wallets that have HODL'd $BTC in their wallets for ~5 months or more. Think of these as holders that aren't actively/day trading but rather simply accumulating during corrections/bear markets and selling at price rises/in bull markets.

Recently, when $BTC was at ~30k they had accumulated over 82% of all Bitcoin in circulation- a new all time high- as they had continued buying the bleed down to 30k and below (as they usually do).

You can see the periods during which they normally sell (during impulses/price rises) and periods in which they normally buy (during corrections/price drops) denoted with the red and green boxes in the chart below.

TLDR; they actually buy the dips and sell the rips (what you all should be doing).

During the last rise on BTC from 58k to 100k+ they began selling again as price rose, and have offloaded nearly ~2M $BTC on this rise.

For context, thats nearly $200B worth of BTC of supply that they released during this period of time.

Now let's jump back to the OP's question- why did Saylor and the ETF flows of ~20,000 $BTC not move price higher?

Because that's only approximately $2B worth of demand which is relatively small considering LTH have offloaded 100x that on this move up themselves.

When you compare this 2B in buy pressure to the 200B in sell pressure from LTH over the last couple of months you realize that (contrary to what CT wants you to believe) Saylor is not the one pulling the strings here, long term holders are.

Now with that out of the way, the real question you should be asking yourself is not why haven't we gone up from $2B in spot buys but rather why haven't we gone DOWN with $200B in spot sells?

[Gman23 | @GmanQNT]

@BrickTop747 Top secret

[Gman23 | @GmanQNT]

Gm, back in the office with the team today 🫡

[Gman23 | @GmanQNT]

Chop chop chop

[CrediBULL Crypto @CredibleCrypto]

Embrace the chop.

The chop is your friend.

The longer the chop, the greater the pop.

[Lil pablito @lilpablito25]

$SPECT target short term is $12.

[Gman23 | @GmanQNT]

Yeahhh boi 🤝

[Max @max_jmpstudios]

Aped #2DAI @2DAICommunity at 1M MC. #AI microcap, which has been building for 2 years straight. They have created their own #AI studio, pushing updates regularly. Im watching them for a long time already, waiting for an entry. Price is at major support and im hopping in. 🫡

[Gman23 | @GmanQNT]

@PROOFplatform @NeuraVoxAI Launches are dead

[Gman23 | @GmanQNT]

💰💰💰💰💰