Binance confirmed a ~$6.3B exploit. ~$3B already frozen with Tether and Circle. Binance says it will cover all losses.
Market reaction:
📉 BTC dropped to $76,148, then bounced back to $77K+
🔥 $1.11B liquidated in 24 hours - $940M were longs
😰 Fear & Greed at 30
Key levels:
🔹 Support: $76,200-$76,500 - 50/200-week MAs and the level buyers defended
🔹 Resistance: $77,700-$78,400 - need to reclaim for stabilization
Break below $76,200 opens $73,000-$73,500, then $70,000.
Why BTC is holding:
Stolen funds were in ETH, stablecoins, and other tokens, not BTC. The $3B freeze reduces sell pressure.
Bottom line: This is a Binance problem, not a Bitcoin problem. The $76,200-$76,500 zone is the line in the sand.
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