BITCOIN: Binance Insolvency Announcement Will Crash BTC !
**CORRECTION: THIS IS NOT THE 1-HOUR CHART, IT IS THE 12-HOUR.**
Data suggests that right now (Tuesday, 12/20) is the last chance to short the digital asset market's next leg lower. Two days ago, Binance announced its purchase of Voyager Digital's assets. To me, this is confirmation that Binance is insolvent!
For an exchange that wants to slow investor withdrawals, purchasing liquidity from a bankrupt organization is a method of last resort. This agreement is a 'Hail Mary' pass, it is as close to an official insolvency announcement as an exchange can get.
The Binance / Voyager agreement occurred two days ago. Considering that Voyager cannot have much left in its reserves, and that Binance has been experiencing billions in investor withdrawals per day, it is reasonable to assume Binance's insolvency will occur within the next few days.
Accordingly, Bitcoin is poised for its next leg lower. I'm short BTC targeting $13.7k - $10k.
Data suggests that right now (Tuesday, 12/20) is the last chance to short the digital asset market's next leg lower. Two days ago, Binance announced its purchase of Voyager Digital's assets. To me, this is confirmation that Binance is insolvent!
For an exchange that wants to slow investor withdrawals, purchasing liquidity from a bankrupt organization is a method of last resort. This agreement is a 'Hail Mary' pass, it is as close to an official insolvency announcement as an exchange can get.
The Binance / Voyager agreement occurred two days ago. Considering that Voyager cannot have much left in its reserves, and that Binance has been experiencing billions in investor withdrawals per day, it is reasonable to assume Binance's insolvency will occur within the next few days.
Accordingly, Bitcoin is poised for its next leg lower. I'm short BTC targeting $13.7k - $10k.
