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đ«đ Itâs not recommended to chase long here directly $ETH đ„
Here are two reasons why: 1ïžâŁ Ethereum at 3880 is a strong resistance level on the daily, weekly, and monthly charts. đ It's currently oscillating within this range, making it risky to chase further upward movement.
2ïžâŁ Yesterdayâs daily chart showed a resonance + solar term overlap, which can lead to changes. đ
đ If it breaks through this range and continues to oscillate, the market will provide an opportunity to follow the trend.
#$BTC Japanese Crypto Exchange Reports $300 Million Bitcoin Loss Due to âLeakâ Japanese crypto exchange DMM Bitcoin announced that it had lost around $300 million (RM1.4 billion) worth of bitcoin due to an âunauthorized leakâ from its digital wallet. The incident was discovered yesterday. The company stated that they are still investigating the details of the damage.
âWe have already taken measures to prevent the unauthorized leak, but we have also implemented restrictions on the use of some services to ensure additional safety,â the exchange said.
While DMM Bitcoin did not provide specific details about the âleak,â global cryptocurrency analysis firm Chainalysis described it as one of the biggest crypto hacks to date.
âTodayâs hack of Japanese exchange DMM Bitcoin for $305M worth of bitcoin is the biggest hack since December 2022 and the 7th largest crypto hack ever,â Chainalysis said in a post on social media platform X, adding that it had labeled the funds as âstolen.â
Bitcoin is currently trading within a descending triangle pattern. It is rebounding from the horizontal support zone of the triangle, with the 100-day moving average acting as resistance.
A breakdown below the support zone would indicate a bearish trend, while a breakout above the triangle would suggest a bullish trend in the crypto market. Stay tuned for further updates.
â ïž IMPORTANT: Everything that is written, so far belongs is speculative. Corrections are normal, with the 2016-2017 cycle experiencing deeper ones due to lower market liquidity. Corrections of 40% on BTC are now less common in a normal bull market. There's a likelihood that bitcoin is at a local bottom. The price might fluctuate between $67,000 and $69,000 before reaching a new all-time high. However, unpredictable events, such as potential Israeli military actions against Iran, could disrupt market patterns and support levels.
đ±đŠđŠ A big investor who bought Bitcoin for less than $30 and held onto it for 10 years finally moved their wallet after a decade.
The wallet had 1701 Bitcoins, now worth $118 million, and had been untouched for a decade until recently.
According to data from Lookonchain, $18 million worth of Bitcoin was moved from the wallet in 246 transactions. The average price at which the investor bought Bitcoin was $29. The last time any Bitcoin was added to the wallet was in 2013, when it was worth around $125 per Bitcoin. The investor bought 4272 Bitcoins at an average price of $29.3 back then. Now, with Bitcoin trading above $70,000, the investor has seen a whopping profit of around 240,000%. While many old wallets have been active lately, most of the transferred funds are going to new wallets instead of exchanges, indicating that investors are prioritizing security over selling. Another report from Lookonchain reveals that a large investor has been accumulating Bitcoin since March 6, buying about $90 million worth of Bitcoin at an average price of $68,000.