Arkham Uncovers 2020 Bitcoin Theft Worth $14.5B
Largest Crypto Theft Revealed: Arkham Intelligence has uncovered a massive theft of 127,426 Bitcoin, valued at $14.5 billion, from the Chinese mining pool LuBian in December 2020, attributed to a vulnerability in their private key generation algorithm.
Impact on Crypto Security: The incident highlights critical flaws in crypto security practices, emphasizing the importance of proper private key management, as the stolen Bitcoin remains untouched and poses challenges for recovery due to its high visibility.
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Technical Analysis for ARKM
Technical Sentiment Analysis for Arkham (ARKM). As of , Arkham (ARKM) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ARKM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ARKM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Arkham (ARKM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0795 | 0.0882 | 0.0965 | 0.105 | 0.113 | 0.122 | 0.13 |
| Fibonacci | 0.0882 | 0.0947 | 0.0987 | 0.105 | 0.112 | 0.116 | 0.122 |
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