According to some sources, Binance was hacked just to hide the sale bitcoin of the Japanese (mt.gox) ( ~800k BTC ). If there are more information about the hacking exchange.Then, BTC breaking below 4xxx, maybe 2k5, I think the best way : u should to sell all your BTC, altcoin. All exchange will die. Thats' the second mt.gox. ***Attention from now until 7/4/2018.
The Chinese exchange is not easy to hack. If so, it is deliberate......
The alleged hacking incident was quickly acted by Binance. They have immediately stop withdrawals and it looks like they have done a tremendous job at reversing the said incident. That's why Binance is the number exchanges the way they show support and the actions that they have taken to quell it. And its not a hack on Binance per se, it has something to do with the automated bots. Those users who uses this bots have been exploited. So its a isolated incident and not everyone has been affected. My funds are still intact. Well as far as the selling of a Japanese whales of large sum of bitcoin, the only thing I can say is the timing of his dumping, but I guess he needed to liquidate it to pay the debtors or something. But going back to your question, I don't think that we are going to hit $4000, when everything settles down in the next few days and investors realized what causes this dip, I'm sure that they will go back to the ecosystem because this time is a good buying for everyone. I'm seeing another rally and hit $10000 anytime soon.
Alleged binance hack, bitcoin sell of, supply is going up, rumors make people to worry, panic selling is here again, I didn't see that coming. Fud, fud, fud, a lot of it and looks like there is no end of that. I think what ever happen we will be alright, we can even get to that 4000 dollars and what will happen then? Some people will use that situation to buy very cheap bitcoins, just panic sellers will suffer and new people who bought at some top and because of down trend they will sell to fast and lose money. I don't know about that new rally when will it happen and what can trigger that, what I'm sure in is that price will come to 10000 dollars before summer again, now matter how deep it falls.