BYBIT information from the hand of @Professor Mende
Professor Mende - Bonuz Ecosystem Founder
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šØBYBIT HACKER Can't Sell $1.45B ETH for USDC or USDT!
$1.46B Selling Pressure on ETH! Fact is, the Bybit hacker is stuckāhe canāt sell $1.45 billion worth of ETH for USDC or USDT, because Circle and Tether would freeze it. So instead, heās putting $1.46 billion in selling pressure on ETH. Hereās the kickerāBybit will now have to buy that same amount back to cover their customer ETH! This could lead to some serious market action in the coming days. Will the market absorb this pressure, or will we see a major shake-up?
Stay ready, keep your eyes on ETHās charts, and letās see how it plays out. Do you think this will pump the $ETH price or will it take a hit? Drop your opinion below and follow @Professor Mende - Bonuz Ecosystem Founder for more updates! #ByBit #LazarusGroup #Ethereum #Eth #CryptomarketNews
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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