qinbafrank|11月 02, 2026 04:39
Last Thursday night, after posting this tweet and going to sleep, I woke up to find Binance had been hacked. It felt like the sky was falling. I thought it was too early to celebrate before October was over. I thought about it carefully and wrote my thoughts here: https://((x.com))/qinbafrank/status/2115979747280998578?a=sovwz-kdzoQqxM27W1k&s=46: The hack actually accelerated the correction, and the further the price dips, the more opportunities there should be. Looking at this major hack in recent days, the overall correction hasn't been that significant. Even the tokenization trends I mentioned in previous tweets, which I believe will benefit, have already returned to their pre-hack levels.
The negative news didn't cause a major drop, so this trend is worth paying attention to. Of course, we still need to weather the midterm elections.
This week, the market is focused on the midterm election results, but the more significant impact on the cryptocurrency market may lie in the Treasury's quarterly refinancing report released on Wednesday. The quarterly refinancing plan and the Treasury's estimates of the TGA account size will affect liquidity and bank reserve changes. This is a crucial driver of Bitcoin and crypto price movements within my framework, and we've previously discussed their relationship here: https://((x.com))/i/grok/share/9e2f1e5b82df4dc7a2a366467aa007ea.
In early August, the Treasury's last quarterly refinancing report projected that TGA would return to $1.05 trillion by the end of October (tightening liquidity, which is the core logic behind the prediction of a Bitcoin correction until late October in late September). However, the plan for a gradual release in November and December, with TGA projected to fall back to $850 billion by the end of December, is now being released. We'll see if this week's quarterly refinancing plan follows the same pattern. If it does, then we can indeed be optimistic about the year-end performance of Bitcoin and cryptocurrencies.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink