$ETH

🚨 Bybit Exchange Hacked for $1.46 Billion – Is Ethereum at Risk of Further Decline?

One of the largest security incidents in cryptocurrency history has just occurred: Bybit lost $1.46 billion in ETH after a cold wallet attack. This not only affects investor sentiment but also raises many questions about exchange security and the short-term price trend of ETH.

📉 How is ETH Being Affected?

• 🔻 Rapid price drop: ETH has lost its upward momentum, falling from $2,800 to ~$2,680 after this news.

• ⚠️ Eroding trust: Large-scale hack incidents often lead to significant selling pressure, especially from investors concerned about security risks and liquidity.

• 📊 Potential for further decline? If other exchanges experience significant withdrawal pressures, ETH may test important support levels: $2,600 - $2,550.

🚀 What Should Be Done Right Now?

✅ Keep assets safe: Limit holding ETH on exchanges, prioritize cold wallets (Ledger, Trezor) for better asset control.

✅ Monitor Bybit's response: If Bybit has plans for refunds, compensation insurance, or quick user support, the market may recover soon.

✅ Avoid FOMO, watch the cash flow: Observe on-chain data; if whales and large funds do not panic sell ETH, this may just be a short-term fluctuation.

💡 Conclusion: This is a short-term shock, but it also highlights the importance of securing assets in the crypto market. Be cautious but also ready to take advantage of buying opportunities if the market stabilizes.

🔥 Do you think ETH will continue to decline or quickly recover? Comment now! 🚀