Take a look at the following chart.
the chart is looking bad but if we make a quick recovery above 18600 bitcoin is safe..
Another theory which i believe is that with ftx everything was planned by CZ. he is master when it comes to destroying and eliminating their competitors.
the situation could have handled very well. but CZ made a ripple effect by announcing that we are acquiring ftx.
after that announcement cz sold ftt and bought bnb to pump bnb. we saw bnb going up 100$ in price.
after a day later cz pull back from the deal. making it look like it's the end. so many events come together. including solana unstaking event and cpi report.
people were so panicked.
i will update this idea as well
the chart is looking bad but if we make a quick recovery above 18600 bitcoin is safe..
Another theory which i believe is that with ftx everything was planned by CZ. he is master when it comes to destroying and eliminating their competitors.
the situation could have handled very well. but CZ made a ripple effect by announcing that we are acquiring ftx.
after that announcement cz sold ftt and bought bnb to pump bnb. we saw bnb going up 100$ in price.
after a day later cz pull back from the deal. making it look like it's the end. so many events come together. including solana unstaking event and cpi report.
people were so panicked.
i will update this idea as well
....
i'd take back my statement, it was Sam's fault, CZ is not guilty of anything.