Bybit is really garbage, poor security awareness has led to the withdrawal of over a billion dollars in liquidity from the industry, interrupting the bull market.

According to Wu, QCP Capital analysis pointed out that Friday's non-farm payrolls data eased market expectations for interest rate cuts, driving the stock and crypto markets to stabilize briefly.However, the Bybit hacker dumped at least $300 million of stolen funds on a low-liquidity Sunday, causing BTC and ETH to test key support levels again. Market concerns about further hacker sell-offs intensified.Put option demand has risen in the past 24 hours, reflecting the market's vigilance against additional selling pressure. In the short term, BTC $80,000 remains a key support level, but upside is limited and a new growth narrative is needed.