Bonk Guy: The Binance hacker incident is reminiscent of October 11, and we need to be alert for a second decline

Crypto trader Bonk Guy (X account Unipcs) posted on the X platform, stating that after the Binance hacking incident, he does not believe that the danger has passed. Previously, after a large theft from centralized exchanges, Bitcoin continued to drop by 21% within a week.

Bonk Guy mentioned that this incident reminds people of the October 11 event, when many believed that after such a large-scale cleansing, the bottom would arrive immediately. As a result, the market experienced one of the most severe cryptocurrency winters in terms of scale and duration for a long time. He finds it hard to imagine that the situation could get worse and does not believe it will be as bad as October 10, but still advises users to be cautious when buying the dip and to guard against a secondary drop.