Degen

Since the local $BTC lows on Friday, almost the entire bounce this weekend is from a single entity on #Binance Perps that has hammered >$450 million in buys during the lowest liquidity hours of the market

Start of #MtGox distribution

In order to exit they'll either need to run the market high enough to cause a short squeeze or end up becoming a massive cascade risk if the market goes against them

https://x.com/DefiSquared/status/1807326724658753694

Trust the Crypto #Cabal 🤫

Total crypto MC is up 4% over the past 24 hours

Since the local $BTC lows on Friday, almost the entire bounce this weekend is from a single entity on #Binance Perps that has hammered >$450 million in buys during the lowest liquidity hours of the market

Start of #MtGox distribution

In order to exit they'll either need to run the market high enough to cause a short squeeze or end up becoming a massive cascade risk if the market goes against them

https://x.com/DefiSquared/status/1807326724658753694

Trust the Crypto #Cabal 🤫

Total crypto MC is up 4% over the past 24 hours

https://x.com/Cointelegraph/status/1807611820984926231