otteroooo

Binance only has 3.81%(21 out of 552) assets enabled for withdrawal and they've had 5.91 BILLION dollars of net outflows in the last 24 hours. It's extremely over for them. Guaranteed they are freaking TF out at Binance HQ. Expect them to pull some bullshit over the next couple days. Notice how they delayed their proof-of-reserves from Nov 2nd to Nov 3rd. If they delay again, some fuckery is definitely afoot.

Most of Binance's "wealth" is tied up in BNB, which I suspect is largely propped up by wash trading, with what little organic demand exists coming from people using it to get discounts on trading fees. Nobody will use Binance after this debacle, the little organic demand BNB had will go to zero. Binance can't liquidate its massive BNB holdings anywhere near the quoted market price without crashing it. They don't have nearly as much money as you think they do.

For people still don't know how bad yesterday was, here quick summary: $ATOM went from $4 to $0.001 $SUI went frim $3.4 to $0.56 $APT went from $5 to $0.75 $SEI went from $0.28 to $0.07 $LINK went from $22 to $8 $ADA went from $0.8 to $0.3 Top 100 blue chips nuked 80% in a few minutes.

Some of @Strategy's top supporters are turning on Michael Saylor. @JoshMandell6, bitcoin bull-turned-influencer sold his $MSTR and called @saylor a "liar" after he abandoned his dilution promise. The revolt is spreading across social media with thousands of angry posts... 🧵

Bitcoin goes up 1.5% and $MSTR drops 2.5% Bitcoin climbs 1% and $MSTR falls 2% Bitcoin stays flat and $MSTR still loses 2% Bitcoin pulls back 3% and $MSTR tanks 8% no matter what happens, $MSTR just keeps dropping😅😅 @saylor, Would you like to update your ATM guidance again?