Willy Woo Warns Those Who Use This Exchange! Bitcoin Reserves at Critical Level!

The bear market in 2022 has been tough for Bitcoin and altcoins as well as crypto platforms.

At this point, while many crypto companies went bankrupt, the collapse of LUNA and FTX was one of the most notable bankruptcies.

After the events, while the confidence of the investors in the stock markets decreased, a warning came from the famous analyst Willy Woo.

Warning for Huobi, Willy Woo said that the stock market's Bitcoin and cryptocurrency reserves are decreasing.

Stating that Huobi's BTC reserves have decreased from 410,000 BTC to 26,000 BTC in 2020, and that Ethereum (ETH) and Tether (USDT) reserves have also decreased, Woo likened Huobi's situation to a “slow-moving train wreck”. .

Sharing a Huobi post again today, the analyst said that Huobi's BTC reserves look dangerously low.

Saying that Huobi is in danger of “bank run”, the analyst stated that if all users want to withdraw their money from Huobi at once, the stock market may face the danger of bankruptcy.

“Huobi BTC collateral is starting to look dangerously low and the exchange is in danger of 'bank run'.

Our systems monitor the collaterals in the exchanges with 24/7 team coverage. At this point, our risk limits for Huobi were filled last week.

The chart I attached shows that Huobi's BTC collateral has decreased over time.”

*Bank run is when too many people try to withdraw their money at the same time because they are worried that the stock market may go bankrupt.

*Not investment advice.