BNB Chain's daily active users have halved in three months, and DeFi locked funds have leaked by 27%! The promised moat of platform tokens turned out to be a stinking ditch.
In June, new projects on Binance Launchpad had opening gains of less than 2 times, last year we could still sip soup, but this year the pot has been taken away. The SEC is set to hold a hearing against Binance on July 15, scaring major holders to sell off 420,000 BNB in 30 days! The regulatory iron fist specifically targets Chinese exchanges; if you can't play, don't play! The proportion of Binance's cold wallet reserves has plummeted by 15%, if a bank run happens, it would die faster than Silicon Valley Bank!
BNB's weekly price has broken the $520 iron bottom, triggering quantitative funds to automatically sell off, with $170 million liquidated in 24 hours! 'Candlestick patterns painted, the dogs harvest, classic stories in the crypto world will last forever!'
Should I cut losses now or play dead? High-priced buyers' cost is over $600 + a stop-loss order at $480, 'cutting losses hurts for a moment, liquidation ruins a lifetime!' Low-priced Buddhist-style investors' cost is $500 - halving positions below $450, saving bullets for the ultimate bottom at $300!
What to look for in bottom-fishing signals?
Binance's cold wallet reserves have rebounded to over 75%; go for it with your eyes closed! The SEC has backed down in the lawsuit; if there's any good news, go ALL IN immediately!
Ultimate faith recharge: On-chain monitoring shows mysterious institutions are crazily eating up 120,000 BNB; if even whales dare to bet, why are you panicking?
The plunge is the best testing ground for bottom fishing in the crypto world! Over ten thousand likes, exposing Binance executives' self-rescue addresses!