CrediBULL Crypto
CrediBULL Crypto|Feb 21, 2025 20:13
Woke up to the Bybit hack this morning, couple of things to note: 1. So far just seeing what is really "normal" or typical volatility across the board which is a good sign. Chart below is of BTC which continues to chop around in our range. Most alts are doing the same atm- ones in ranges are ranging, ones at resistance are rejecting, ones at support are holding, etc. 2. Want to remind/emphasize that you should only be keeping those funds that you are actively trading with on a CEX, rest should be kept in cold storage which should not be touched unless absolutely necessary. While this is nowhere close to an FTX level event and while I think @Bybit_Official will be fine and able to handle it, it doesn't change the fact that hacks/exploits are a part of this game whether we like it or not and we must do our best to minimize our exposure to these events where we can. Other than that, keep calm and carry on. TA wise nothing has changed from prior updates.
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