Bonk Guy warns about a second decline following the Binance hacking incident
BIBIBI
AT A GLANCE
Bonk Guy said that Binance the risks had not been eliminated after the hacking incident, and advised caution when buying the dip and vigilance against a second decline.
Article
Bonk Guy：Binance The hacking incident reminds people of “10.11”, and the market should beware of a second decline
BlockBeats reported that October 30, Bonk Guy posted on X that Binance hack, he does not believe the danger has passed. Previously, after CEX was stolen in a large-scale theft, Bitcoin continued to plunge within 1 week, falling another 21%.
Bonk Guy said the incident recalled the 10.11 incident. At the time, everyone thought the bottom would arrive immediately after such a large-scale purge, but the industry instead experienced one of the worst crypto winters in terms of scale and duration. Bonk Guy said, “It is hard to imagine things getting worse, and I also do not think this will be as bad as 10/10.” However, users are still advised to be cautious when buying the dip and to guard against a second decline.
Original link https://m.theblockbeats.info/flash/374544
Key points
01
BlockBeats reported that October 30 Bonk Guy expressed related views on X.
02
Bonk Guy said that Binance the market may not have left the danger zone after the hacking incident.
03
The article stated that after the previous CEX large-scale theft, Bitcoin continued to decline within 1 week 21%。
04
Bonk Guy linked the incident to the “10.11” incident and advised users to be cautious when buying the dip and to guard against a second decline.
05
Bonk Guy said it was hard to imagine things getting worse, but did not believe this would be as bad as “10/10.”
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a market risk commentary, not a definite prediction of future market movements. Based on past incidents, Bonk Guy reminded users that the market may still face downside risk after a hacking incident.
Why it matters to readers
It prompts traders to monitor whether exchange security incidents continue to affect market sentiment, but the original article did not provide data on the current price, capital flows, or subsequent decline.
“Buying the dip” refers to buying after a price decline; “second decline” refers to the market falling again after the initial decline. This article advises beginners not to trade based solely on this view.
Risks and unknowns
The original article did not specify Binance the scale of the losses from the hacking incident, user fund protections, or the progress of the response.
The original article did not provide BTC or BNB the current price, capital flows, or real-time market performance.
“10.11” incident and its comparability with the current incident were not further verified in the original article.
The article’s statement regarding the previous CEX theft and Bitcoin’s decline 21%did not provide specific incident or source details.
Related Developments
Loading event timeline…
Related concepts
CEX
This term is not in the glossary yet. Browse related concepts in the glossary.
