Analysts split on whether stolen Binance BTC will pressure the market
- —Binance pegs breach losses at ~$6.3B, with about $3B frozen on-chain
- —ViaBTC and CoinKarma say stolen BTC is hard to cash out, limiting sell pressure
- —DonAlt: a ~3% drop versus an expected 30% may signal a market bottom
- —Bonk Guy cites past CEX hacks where BTC fell another 21% in a week
Why it matters: How much stolen BTC actually gets sold will shape whether the market extends its slump or finds a floor after the incident.
Source: TokenPost