This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
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This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
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This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
![\"MVRV](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2023\/01\/Look-Into-Bitcoin-MVRV-Z-Score-1160x749.png\")