How will this affect the bitcoin price? Will it go down further?
There has been one bearish twitter technical analysist that i've been following who
predicted ATH and now believes there will be
more pain ahead.However it would need a trigger event from hell. If binance goes down, it would do it. However personally i think $9k would be absolute bottom but i can't fight the track record of this guy as i am an amateur to say the least. At the moment i am not sure if i should keep hodling my favourite altcoin which could go down another 50% or sell it and put my usdt in somewhere other then binance where i could short everything when the time comes. Leaving binance right now seems like leaving a bomb shelter in the middle of was because i feel they will get attacked too.
If binance goes down, we need to either trust stable coins, short something in other exchanges or quit the game for a while.