I dont think there is anything special behind cashcat PA. It just lost every level and now rip.
Overall market though, im 100% sure that Binance is (again) behind this shitshow. ”Hack” was likely insider job and now CZ is liquidating money (that was never lost, just moved to czs friends) from his customers. Just like year ago. That rat should be in jail
@bitcoinkeskus Vuosi sitten 10/10, kryptoissa alkuun relative strength, noin viikon kuluessa alkoi rommaus
Nyt binancen hakkerointi, ja välittömästi sen jälkeen juhlittiin relative strength. Noin viikon kuluttua alkoi rommaus
CZ temppuineen taas taustalla?
If that was RH’s plan, they are doing it wrong. Chart should be kept on bullish structure, otherwise most ppl just move tonnext hot thing. Especially everyday people dont buy something thats going down or chart looks dead. Best way to attract new buyers would be numbers going up, so why MM doesnt do that instead, if it could do it..
@LennyPr0@oblivious_wtf So what if there is MM? It likely squeezes every last liquidity drop from this before it dies completely, but somehow you are assuming this MM is preparing for big move up. Like, why there would be move up?
@MavenHL@Cestlavierix Its kinda chessmate for hype atm. Every bullish catalyst now used, nothing coming from pipeline, and price lost all key levels.
Concerned, and wondering how the hell is this possible
@LennyPr0 Something to consider is that there is not always some conspiracy entity ”shaking holders out”. Sometimes things just are; if it looks like shit and smells like shit, its probably shit
When chart is fucked its bad because retail is not here and most trenchers buy whats going up (because they know most bearish trendikg coins wont ever come back). So now if 90m is lost the last bullish trend is lost and many traders will write it off as ”dead” from now on. Which means less buyers and holders still capitulating.
Only thing that can save it is some action from Vlad. Seems odd why he wont do anything, when he knows for sure that if onchain memes die the chain dies too. Maybe RH chain was just a quick cash crab for him after all. We will see