🚨 Forecast: Ethereum Falls After Bybit's $1.4B Hack 🚨
💥 Bybit's $1.44B ETH breach sent Ethereum tumbling to $2,850! 📉
💰 CEO Ben Zhou confirms bridge financing to meet soaring withdrawals.
📊 ETH needs to break its range-bound trend, with RSI & MACD above neutral.
🔻 ETH Dips After Bybit Hack! 🔻
🔥 Bybit revealed a massive hack, losing:
🟣 401,347 ETH ($1.12B)
🔵 90,376 stETH ($253.16M)
🟢 15,000 cmETH ($44.13M)
🟡 8,000 mETH ($23M)
💥 Futures Liquidation Shakes Market 💥
📉 $136.35M ETH liquidated in 24H
💔 Longs: $66.35M | Shorts: $70M
📈 Before the hack: ETH aimed for $2,900 as Open Interest (OI) surged 250K ETH to 8.90M ETH.
📉 After: OI plunged to 8.60M ETH 😨
💡 Many expected Bybit to buy ETH to cover losses, but Zhou clarified:
🛑 "We're NOT buying Ethereum!" 🚫
💰 "We've already secured 80% of the lost ETH via bridge loans for liquidity."
🔥 Will ETH recover, or is more turbulence ahead? 🌪️ #BybitHack #ETHCrash #CryptoNews 🚀💎