Crypto Macro

How to Play the Binance Hack the Binance hack drained over 6 billion Dollars worth of crypto most tokens plummeted in value. $TRX increased 12% bc the hackers, North Korea's Lazarus Group, managed to swap $300 million of stables for unseizable Tron the Binance wallet that got hacked consisted of a big chunk of ethereum:0x320623b8e4ff03373931769a31fc52a4e78b5d70. Reserve Rights lost 25% within hours and is down 60% peak to trough within the last 3 weeks which is why I've played this hack for now by shorting Tron and longing RSR and Bitcoin three important thing to happen in the coming days: 1. Binance will start to allow withdrawals again >> some Binance users will sell and withdraw their holdings while pushing prices down 2. Binance will buy back a bigger percentage of the 5.3 billion Dollars worth of stolen $ETH and $BTC 3. Lazarus Group will swap their heist money for $BTC as they usually do >> big buy-side pressure pushing crypto prices higher even while being the biggest crypto hack of all times by a big margin it's really not all that bad after all