The U.S. judicial prosecution has brought KuCoin illegal trading funds exceeding US$5 billion. KuCoin has just transferred a huge amount of ETH out of KuCoin. Another platform has collapsed?
Most of the main users of KuCoin are foreigners. Changes in funds caused panic on the outside world to withdraw coins. Lao Lang remembers that last year, it was reported that KuCoin’s legal staff and others were taken away. After a year, Lao Mei finally took action.
Times have changed, and no one expected that in the 18-year platform war, only BN and OK had the last laugh. The originally highly anticipated FT and FTX collapsed, and the third-tier platforms also ran away one after another, leaving only a piece of chicken feathers.
Platforms have a winner effect. The more popular a platform is, the more users it will attract. Winner takes all. Small platforms can only use high pledge interest rates and other methods to retain users. In the end, due to high risks, they will go bankrupt and run away, so funds will be lost. It is safer to put it on a large platform.
BTC：
The hourly pin remains flat, still in a short-squeeze market. The top of the hourly line lowers, facing resistance. As the bullish volume weakens, bottom support needs to be tested. The bottom $68,985 is the key support point for the box. Once the volume falls below $68,985, it will After quickly bottoming out and weakening, BTC rebounded at $68,985.
Resistance levels: 70564, 71637, 72356
Support level: 68985, 67835, 66536
ETH：
10,000 ETH are being transferred to cryptocom, which is expected to sell ETH. ETH is still in a rebound market. The $3,515 below is the key point of the bull neckline formed on March 25. ETH's heavy volume falls below $3,515, which will break the deadlock and find the bottom. After weakening, ETH bottomed out at $3,515.
Resistance levels: 3592, 3688, 3756
Support levels: 3515, 3446, 3398
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