Assessing the odds of Bitcoin’s price holding on to $75K support level

The biggest crypto heist in history happened on Thursday, 29th October. Such was its impact that Santiment Intelligence reported that the Binance hack "hijacked" the crypto sphere's attention entirely this week. An estimated $6.3 billion was affected, which was more than the next 9 crypto hacks combined. Bitcoin [BTC] had tentatively rallied to $81K when the Federal Reserve announced its decision to hold the benchmark rate at 3.75%-4.00%. Within a day, the Binance news shocked markets into a $1.50+ billion liquidation cascade, mostly longs liquidated. Entities such as Circle and Tether worked quickly to freeze the stolen assets, and on-chain collaborations managed to freeze roughly $3 billion of the affected assets. The other $3.3 billion remains unaccounted for though and is thought to be in the attackers' control.

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