$ETH The hacker:

They stole $1.46 billion in ETH, but they can’t easily sell it for #USDC or #USDT。 because those funds would be frozen by Circle or Tether. So, no massive selling for now.

#bybit :

To cover customer losses, Bybit will need to buy that ETH on the market, which could drive up the price of ETH.

Result:

Less selling pressure (from the hacker) + more buying pressure (from Bybit) = a potentially positive scenario for ETH’s price in the short term.