$SOL bouncing off the trendline ✅ target remain the same $2 | Cas Abbé on Binance Square

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$SOL  bouncing off the trendline ✅ target remain the same $200 and higher

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🔥 @BinanceWallet daily trading volume surpassed $7B yesterday. Just 2 weeks ago, it was doing $200M daily trading volume. This is a 35x growth in just 2 weeks. @cz_binance and @BNBChain comeback should be studied.

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CETUS Protocol hack has been confirmed 🚨 Nearly $220M in funds were hacked and so far $160M has been frozen. The team is working with SUI Foundation, Binance etc. to recover the remaining $60M from the hackers. Due to this hack, $CETUS is down over 15%. Despite Crypto being a $3.5T+ industry, we still needs to work a lot on security and decentralization.

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$ETH to $3,000 will happen sooner than expected. First of all, BTC is above the previous ATH, which means the alts rally is next. On top of that, there's one major CME Gap at $3K which will definitely fill. If ETH manages to break and hold above $3K, there's one CME Gap at $4K also. ETH rally is coming 🚀

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Abraxas Capital is shorting $BTC, $ETH and $SOL 🚨 Isn't Abraxas Capital is also accumulating $ETH, then why are they shorting? It's called hedging, which is often done to minimize the risk. As of now, Abraxas Capital short positions are in loss of >$20M, but their spot positions are in >$80M profit. On top of that, they have also made >$1.5M from funding fees, so overall, they are still in huge profit.

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USDT supply on exchanges has hit a new ATH of $46.9 billion There's so much liquidity sitting on exchanges, which is ready to send alts to the moon. But the one thing which is stopping this from happening is the US bond market. Bond yields are going up, which shows that the US economy is in a lot of trouble. Until this gets resolved, alts will just continue to go sideways.

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