Analysts map three Bitcoin scenarios after the Binance hack
- —About $2.8 billion drained from a Binance hot wallet; BTC fell to $78,763
- —Tether and Circle froze over $1.567 billion USDT and $800 million USDC
- —Attacker address holds about 195,460 ETH worth $440 million
- —Some $628 million in positions were liquidated within one hour
Why it matters: If Binance covers the loss and withdrawals stay open, BTC could quickly reclaim $80,000; stalled withdrawals risk a broader sell-off.
Source: CryptoTicker