#VIRTUALWhale The Bybit hacking case could make whales more careful in storing funds on exchanges, encouraging them to move assets to cold wallets for safety. However, not all whales will leave the exchange, because they still need high liquidity for trading.
Whales have a big influence on the crypto market, because their large transactions can move prices significantly. If they withdraw funds from the exchange, liquidity can decrease and volatility increases. Conversely, if they continue to participate, the market tends to be more stable. The whale's reaction to this case will depend greatly on the level of trust in the security of the exchange going forward.