Greeks.Live: Market sentiment remains cautiously optimistic after the Bybit Ethereum theft incident, with traders believing it is just a temporary setback

2025-02-22 19:15:28

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ChainCatcher message, Greeks.Live macro researcher Adam released an English community briefing on the X platform, disclosing that despite the Bybit $1.5 billion Ethereum theft incident, market sentiment remains cautiously optimistic, with traders believing this is just a temporary setback. The group consensus will focus on $95,000 to $96,000 as a key support level, expecting a mean reversion upward, but there are some divergences regarding the price trend over the weekend.

The market believes the impact of this hacking incident is manageable. Binance and Bitget provided emergency liquidity support by depositing 50,000 Ethereum, and traders are actively selling low volatility options (29% volatility), indicating limited concern about further declines.

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Bybit theft incident tracking

On the evening of February 21, 2025, Bybit suffered a hacker attack, with over $1.4 billion worth of cryptocurrency assets stolen. How will the incident unfold, and what subsequent impacts will it bring?

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