Binance Hacked for $2.5 Billion: Bitcoin Crash Is Just Starting (I'm Up $200K)
8 extracted signals · 0 resolved · 8 still active
Myles G InvestmentsIndependent analyst profile- Source published
- 29 Oct 2026, 21:49 UTC
- Recorded by Tahlil Plus
- 29 Oct 2026, 23:19 UTC
AI-generated source summary
The current market sentiment is overwhelmingly bearish, with significant downward pressure on major cryptocurrencies like Bitcoin and Ethereum. Bitcoin is predicted to experience a 'next leg down', with targets set between $72K-$75K, and potentially as low as $65K. This outlook is supported by historical data showing BTC dumps after midterm elections, and the current trend of whales selling on every pump. The recent Binance hack, involving a $2.5 billion drain of hot wallet funds, further contributes to market uncertainty and potential selling pressure. The short position on ETH with an entry at $2,356 and take profit at $2,333 has been successful, dumping to $2,230. The geopolitical tensions involving potential US strikes on Iran after the midterms add another layer of risk, suggesting a further downturn in the markets. The analysis is based on technical indicators and historical patterns, with a clear bearish outlook for the short to medium term.
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Myles G Investments
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Tahlil Plus independently records and evaluates public market predictions. Extraction may be AI-assisted and results follow the Tahlil Plus methodology. This information is not financial advice.