Binance trading halt to begin at 0300 UTC just as the 5th wave gets underway on the road to 9k. A conservative trader may wish to cash in his or her chips and flee to the safety of a stable coin A loose unit could be inclined to splurge on Altcoins, a few of which are at all time lows.
Personally I could go either way. The reaction to the binance maintenance outage in the wake of the hack was quite extreme and I'd expect nothing less once the doors reopen tomorrow morning.
Cashed out to USDC at 8131
A guesstimate based on the BTC tether chart about which turned out to very close to the pre trading halt high
I would recommend extreme caution going into the resumption of trading on Binance.
I have never seen such huge volumes in that exchange as I did when all withdrawals were closed.
What we had was a closed loop which was only interested in BTC and making more BTC. The moment Binance shut the doors the price went nuts. Then the FOMO began.
Once the loop opens the volume will drop and so will the price and the capitulation shall commence
A guesstimate based on the BTC tether chart about which turned out to very close to the pre trading halt high
I would recommend extreme caution going into the resumption of trading on Binance.
I have never seen such huge volumes in that exchange as I did when all withdrawals were closed.
What we had was a closed loop which was only interested in BTC and making more BTC. The moment Binance shut the doors the price went nuts. Then the FOMO began.
Once the loop opens the volume will drop and so will the price and the capitulation shall commence
Or I could be completely wrong
Boom Shanka