What a crazy weekend for crypto. After all that massive panic and crazy rumors about a multibillion hack, we finally have some great news today. Binance just turned all withdrawals back on. Yes, it is official now, you can move your funds again without any issues.
The exchange management team stated that user money is completely backed and safe. SAFU fund does its job well. Honestly, the market reacted so fast to this green news. We can see Bitcoin violently jumping up and it is currently holding nicely around $77,800.
A lot of short positions just got reked and wiped out on futures contracts because traders did not expect this quick bounce. Volatility is still wild, so please be careful out there. Watch the order books for heavy buy walls. What do you guys think? Are we going straight to 85k this week or is it a local trap? Drop your targets below, let's talk!