๐จ Forecast: Ethereum Falls After Bybit's $1.4B Hack ๐จ
๐ฅ Bybit's $1.44B ETH breach sent Ethereum tumbling to $2,850! ๐
๐ฐ CEO Ben Zhou confirms bridge financing to meet soaring withdrawals.
๐ ETH needs to break its range-bound trend, with RSI & MACD above neutral.
๐ป ETH Dips After Bybit Hack! ๐ป
๐ฅ Bybit revealed a massive hack, losing:
๐ฃ 401,347 ETH ($1.12B)
๐ต 90,376 stETH ($253.16M)
๐ข 15,000 cmETH ($44.13M)
๐ก 8,000 mETH ($23M)
๐ฅ Futures Liquidation Shakes Market ๐ฅ
๐ $136.35M ETH liquidated in 24H
๐ Longs: $66.35M | Shorts: $70M
๐ Before the hack: ETH aimed for $2,900 as Open Interest (OI) surged 250K ETH to 8.90M ETH.
๐ After: OI plunged to 8.60M ETH ๐จ
๐ก Many expected Bybit to buy ETH to cover losses, but Zhou clarified:
๐ "We're NOT buying Ethereum!" ๐ซ
๐ฐ "We've already secured 80% of the lost ETH via bridge loans for liquidity."
๐ฅ Will ETH recover, or is more turbulence ahead? ๐ช๏ธ #BybitHack #ETHCrash #CryptoNews ๐๐