Forwarded from Watcher Guru
JUST IN: 🇰🇵 North Korea's Lazarus Group behind Bybit's $1.4 billion hack, ZachXBT reports.
@WatcherGuru
@WatcherGuru
So Bybit borrowed 1.5b of eth from various places to pay back users
This means there will be 1.5b + interest of extra buy pressure on Eth somewhere down the line in order to close their "short" position
This is assuming Lazarus can't sell their hacked Eth which seems to be the case
How is this bearish for ETH?
This means there will be 1.5b + interest of extra buy pressure on Eth somewhere down the line in order to close their "short" position
This is assuming Lazarus can't sell their hacked Eth which seems to be the case
How is this bearish for ETH?
❤7🔥1
Hearing that lazarus can just dump eth over a long period of time for btc
Well yeah but that would take years and years
Well yeah but that would take years and years
Forwarded from Wu Blockchain News
Bybit starts buying ETH. The suspected Bybit address (0x2E...1b77) received 100 million USDT from 0xEC...B5E76 10 hours ago, and transferred 50 million USD to the OTC addresses of Galaxy Digital and FalconX respectively 7 hours ago, purchasing a total of 36,900 ETH, and deposited it into Bybit 1 hour ago. — link
🔥3
Forwarded from Crypto News Aggregator by EXCAVO
💳🤝 MetaMask announces the launch of their own crypto debit card Mastercard.
Pretty solid chance we lose the bottom of the range tonight
How it reacts to this move will be telling
If we wick off of it and move up, think we begin our final move up
If it is a small dead cat bounce, we are cooked imo
How it reacts to this move will be telling
If we wick off of it and move up, think we begin our final move up
If it is a small dead cat bounce, we are cooked imo
👍6
Lots of clowns on CT out there that suddenly flipped bearish yesterday when I've been giving dire warnings for months
Would be a shame if we suddenly had a massive alt season
Crazy but that is still in the cards and very soon
Not trying to give you hopium but I sincerely want it to happen now to shut these fucking clowns up
Would be a shame if we suddenly had a massive alt season
Crazy but that is still in the cards and very soon
Not trying to give you hopium but I sincerely want it to happen now to shut these fucking clowns up
😁9💯4❤2
1. The bear market is here. By bear market, I mean algos will go into shorting pops mode and whales will unload their coins.
But I still think there is alot of money to be made. It won't be like your typical straight down bear because alot of coins are already down bad to the extreme.
2. There will be an exit bounce in the coming weeks to months. Don't expect new highs but it's not impossible. Alts will likely perform alot better than BTC and some may pump extremely hard.
3. The market will begin pricing in even tighter conditions soon. Feels like 2022 to me.
4. Everything will be reversed when they announce bitcoin or crypto purchases for the Sovereign Wealth Fund or Crypto reserve. We may decouple from stocks at this point.
Depending on when this is announced, we either get an echo bubble before new lows or straight up for a golden bull run.
5. If you're gonna stay in, I suggest either buying massive dips and selling on bounces, mostly driven by news like etf approvals and company purchases. If you're good enough, you can try shorting but most aren't good enough to do this.
6. I'm giving you the harsh reality of this market. Do not be too upset. Things will get better.
But I still think there is alot of money to be made. It won't be like your typical straight down bear because alot of coins are already down bad to the extreme.
2. There will be an exit bounce in the coming weeks to months. Don't expect new highs but it's not impossible. Alts will likely perform alot better than BTC and some may pump extremely hard.
3. The market will begin pricing in even tighter conditions soon. Feels like 2022 to me.
4. Everything will be reversed when they announce bitcoin or crypto purchases for the Sovereign Wealth Fund or Crypto reserve. We may decouple from stocks at this point.
Depending on when this is announced, we either get an echo bubble before new lows or straight up for a golden bull run.
5. If you're gonna stay in, I suggest either buying massive dips and selling on bounces, mostly driven by news like etf approvals and company purchases. If you're good enough, you can try shorting but most aren't good enough to do this.
6. I'm giving you the harsh reality of this market. Do not be too upset. Things will get better.
❤19👍3
Forwarded from Crypto News Aggregator by EXCAVO
🇺🇸👀 FOX: The SEC's Cryptocurrency Working Group is preparing to hold a series of roundtables with industry participants noscriptd "Spring Sprint Toward Crypto Clarity."
The first of five scheduled roundtables will take place on March 21 at the SEC's Washington, D.C. office.
The first of five scheduled roundtables will take place on March 21 at the SEC's Washington, D.C. office.
Forwarded from Wu Blockchain News
The U.S. SEC today announced that the Commission has filed a joint stipulation with Coinbase Inc. and Coinbase Global Inc. to dismiss the ongoing civil enforcement action against the two entities. — link
In the grand scheme of things, I think 23-25 will go down as a test pump for btc and an echo bubble for alts
The real bull begins in 2026
This was what everyone predicted 2021 was going to be, an extended cycle but instead we got it this time around
Reminds me of yield and eth killers in 2017, everyone told me to invest in the next eth killer and that yield from crypto was gonna be coming, ended up getting a bear market before those things came to fruition. The same is probably coming true for extended cycles.
The real bull begins in 2026
This was what everyone predicted 2021 was going to be, an extended cycle but instead we got it this time around
Reminds me of yield and eth killers in 2017, everyone told me to invest in the next eth killer and that yield from crypto was gonna be coming, ended up getting a bear market before those things came to fruition. The same is probably coming true for extended cycles.
👍7👏1