$BTC Our free Trade going To the moon And hit the Sky to Sky Now I am more comfirm oon my trade
I'm basically taking a bet here for Bybit as the healthy exchanger.
First, people are panicking about this kind of news regarding the Bybit's hack and price of the BTC is tanking down a lot after an early explosive good news earlier today.
People are panicking to sell their BTC because some of the Bybit client's withdrawal have pending process. I mean, come on.. Exchange has just been hacked and there is of course bank run in the process, making the queue is getting longer..
Once all of the client's withdrawal has been completed, we will see another move up in BTC again. immediately.
For note : This is my private entry baby and NOT FINANCIAL ADVICE
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INFORMATION REGARDING BYBIT FROM OUR INNER CIRCLE
1. Currently Bybit is looking for bridge loan worth of 400k ETH to cover the loss. They've covered around 88% of the amount needed.
2. Regarding the withdrawal from clients, the peak withdrawal hours have been passed and the bank run has proceeded to almost 80% of client's withdrawal. Need some times to process the rest.
3. ETH withdrawal might be suspended for the next few hours but for other coin withdrawal is still ENABLED.
4. Treasury fund of Bybit can cover up to 7.5x of the loss fund.
#nomaeffect
