Guys, things are going crazy in the crypto markets right now. There has been an ongoing war between Cz, the owner of Binance, and SBF, the owner of FTX.
These are two of the biggest crypto exchanges out there and while it has been subtle in the past, such as one of them liking tweets criticising the other, things are now wild and its all in public.
For the last few days I have been trying to get people to withdraw from FTX, and right now they have halted withdrawals so I hope you got your funds out. Meanwhile I will say that the most likely scenario is that FTX and SBF manages to resolve this situation, but if they were to go down then that's a very bad thing short term for the crypto prices.
If you want to know more about the exact details and what I think about this, make sure to watch my latest video:
https://www.youtube.com/watch?v=5xk_PqRc7-c&t=
As for the prices, remember I had a buy order inside of my orange box at roughly $19,600?
We could of course see a bounce off this orange box which is strong, however I would urge caution as usual when we are at these kind of situations.
I just got news that FTX have now stopped processing withdrawals altogether, so I would also make sure to follow my twitter account of all the latest updates
https://t.me/stackersatoshi.
Just as we were starting to slowly creep back up, we get hit with this which is unfortunate. However on the other hand, buying Bitcoin at cheaper prices is something I always welcome, even if I don't like these specific circumstances. I still think we're due for a bull run in the next 6 months. Be careful out there!
