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.