Binance's Biggest Hack Yet: Why Did Bitcoin Fall Only 3–5%? Is ETF responsible?

[Pandu Geddon]

Indeed, we might see this as a buying opportunity, but some investors are concerned about a further decline due to a hack of an exchange like Binance. Unfortunately, this is a bad way to finish October. If there is another fall in next one or two weeks there might be many losses on the traders’ side.

Well as always its good to take advantage on their fear. Weak hands always lost and those people stay calm, then think about buying when lots of people got panic wins.

Also even if we experience bad at the end of month of October, the positive side about it is we didn't saw the market collapsed badly. That indicates how mature people and they didn't easily got affected by Fuds.

Looking forward for a bullish November, since I think this is recovery month for Bitcoin.

You are right, there will always be two opposing sides in the market. Everyone has their own strategy in managing their trades and investments. 
I'm not so sure about November, but hopefully, as you said, it will be bullish. People who sold because of yesterday's decline will learn to stay calm in situations like that.
Some people are certainly affected by the possibility of a worse situation because recently there may have been many hacks of major platforms.

[Natalim]

So we have some news about Bitcoin ETFs, and this is the total amount of outflows in a single day, $643.3 million in outflows.
According to the report this is the biggest since June 25.

I think this number is useful for the speculation in this thread, and these outflows may have played a big part in the recent dump.

[Cointikka]

So we have some news about Bitcoin ETFs, and this is the total amount of outflows in a single day, $643.3 million in outflows.
According to the report this is the biggest since June 25.

I think this number is useful for the speculation in this thread, and these outflows may have played a big part in the recent dump.

I have been monitoring ETF inflows and outflows for quite some time now, as I am training my own AI to predict the price of Bitcoin. I have seen how ETFs are now completely controlling Bitcoin's price.

The seniors here will never agree that Bitcoin is no longer a product for the common man, as it is now in the hands of a powerful few, as well as the US government, who are now deciding its USD valuation. If they agree, then they will succumb to the fact that Bitcoin is not...

[philipma1957]

Hmm we drifted down a bit more.

Maybe we do go to 68k i thought we would do worse.

Let's see where we are by next week.

[slaman29]

Hmm we drifted down a bit more.

Maybe we do go to 68k i thought we would do worse.

Let's see where we are by next week.

Possibly also related to AI tech stocks in US all going down, which was actually always going to happen and I think it will see much worse, which I think is a good thing long term.

Actually almost nothing to do with BTC but you know how markets go.

[Cointikka]

Possibly also related to AI tech stocks in US all going down, which was actually always going to happen and I think it will see much worse, which I think is a good thing long term.

It seems the AI bubble is going to burst! China & the US stock market have been crashing, causing a domino effect that is dragging global stock markets down. The AI stocks are the ones that are bleeding in the two economic giants stock exchanges. I am certain the Bitcoin price will go down further.

Actually almost nothing to do with BTC but you know how markets go.

That is the truth that everyone knows but cannot ignore.

[Uhwuchukwu53]

A lot could be responsible, though hard to get the speculation correct, but one thing is sure it's not the first any are already conscious of how exposed the centralized could be and hearing the news don't moved them much but still push to buy more while those who still shake, about the market, many are seeking to go into the market so , the assurance of the exchange ensuring all who have their asset or saving in the exchange is safe could also help in cutting down the panic which would jave leads to drop where many might have tend to move pull out their saving in the exchange which in one way will affect the market informed of dropping down the market.

[slaman29]

Possibly also related to AI tech stocks in US all going down, which was actually always going to happen and I think it will see much worse, which I think is a good thing long term.

It seems the AI bubble is going to burst! China & the US stock market have been crashing, causing a domino effect that is dragging global stock markets down. The AI stocks are the ones that are bleeding in the two economic giants stock exchanges. I am certain the Bitcoin price will go down further.

Actually almost nothing to do with BTC but you know how markets go.

That is the truth that everyone knows but cannot ignore.

It can't be too soon. Personally I think AI is great for chores and helping us do really dumb things to return us precious hours but the way people are using it, its making things even more inefficient. I'm getting more and more clients reply me with AI essays on emails, and even on Whatsapp for work now its AI. Which shows they didn't even think and assess the problem, just leaving it to AI.

If AI crashes and burns it can't be too soon.

[Cointikka]

It can't be too soon. Personally I think AI is great for chores and helping us do really dumb things to return us precious hours but the way people are using it, its making things even more inefficient. I'm getting more and more clients reply me with AI essays on emails, and even on Whatsapp for work now its AI. Which shows they didn't even think and assess the problem, just leaving it to AI.

As of my understanding AI is a martketing term used by these giants creating AI. There is nothing like an AI as these are trained bots that follow human orders. The Huffington Post hack was a significant development, if I use AI as a term. See, this bubble, like the dotcom bubble, will burst as foreseen, and see the stock exchanges crash in only those countries that are funding/have funded startups heavily in AI. We might see those crashes more in the future.

[slaman29]

It can't be too soon. Personally I think AI is great for chores and helping us do really dumb things to return us precious hours but the way people are using it, its making things even more inefficient. I'm getting more and more clients reply me with AI essays on emails, and even on Whatsapp for work now its AI. Which shows they didn't even think and assess the problem, just leaving it to AI.

As of my understanding AI is a martketing term used by these giants creating AI. There is nothing like an AI as these are trained bots that follow human orders. The Huffington Post hack was a significant development, if I use AI as a term. See, this bubble, like the dotcom bubble, will burst as foreseen, and see the stock exchanges crash in only those countries that are funding/have funded startups heavily in AI. We might see those crashes more in the future.

Actually they also tried to use a different term (Super Intelligence or SI but it never caught on). Call it marketing but that is the correct term now The real marketing is all those people using agentic and generative now Its all artificial to me lol

But agree, to be more precise we're talking about trained programs (robot is probably very inaccurate) that just follow their programming

Can't wait for this crash honestly. Stupid mess when we have no many other things to fix in this world.