Renowned Trader: Binance Hack Incident May Have Created the Last Significant Low Before a Major Crypto Rally

BlockBeats news, October 30 - Renowned trader Killa stated that he still holds a long position in BTC starting from 76.4K. "In times of stress and FUD (fear, uncertainty, and doubt), it's important to keep a calm mind. (The Binance hack incident) is likely to be the last significant low before a major surge in crypto. Bitcoin is now down 13% from its high. The largest drawdown Bitcoin saw in 2022 was 22% based on a 77% decline. I don't think Bitcoin will drop 20%.

It's quite ironic that the Binance hack incident coincides with the midterm elections."

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