Technical analysis by couldntcomeupwithone about Symbol WBTC: Sell recommendation (9/4/2024)

**** WBTC WILL BE DEPEGGED ON OCTOBER 8TH **** BitGo has entered into a controversial partnership with Justin Sun. Anything Justin Sun has touched, has gone to ZERO. On October 8th, Justin Sun will have control/custody over Wrapped Bitcoin. When Justin Sun took over Huobi BTC, it depegged immediately. The same thing will happen to Wrapped Bitcoin on October 8th. If you have WBTC , you have a very limited time window to take a measure and protect your capital. WBTC will not be 1:1 backed by BTC starting October 8th.