BYBIT FUD ALERT 🚨

There’s buzz about 401,346 ETH (~$1.13B) leaving Bybit for an unknown wallet, sparking hack rumors. However, this was a planned wallet maintenance and fund migration announced 48 hours ago—not a hack.

Market makers moving liquidity doesn’t equal a security breach.

Waiting for an official announcement.

Update: https://x.com/benbybit/status/1892963530422505586

Market may dump more.

https://x.com/benbybit/status/1892965964909863315

Bybit Hot wallet, Warm wallet and all other cold wallets are fine. The only cold wallet that was hacked was ETH cold wallet. ALL withdraws are NORMAL.

Market is pumping again because of this update.

Bybit is Solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss.

https://x.com/benbybit/status/1892969284587966869

Bybit Hack Update (via Live Stream)

According to [Bybit’s latest live stream] around 80% of the exchange’s ETH reserves have been affected. As a result, ETH withdrawals may face delays.

We recommends converting your ETH to other cryptocurrencies for faster withdrawals if needed. The team is actively working to resolve the issue and restore normal operations.

Stay tuned for further updates from Bybit.

🚨 BREAKING: BINANCE & BITGET SUPPORT BYBIT WITH MASSIVE ETH DEPOSITS! 🚨

Over 50,000 ETH has been deposited into Bybit's cold wallets by Binance and Bitget, signaling strong industry support and liquidity restoration! ⚡️⚡️

This move comes after the recent Bybit ETH wallet exploit, reinforcing confidence in the exchange’s solvency and operations.

Crypto giants standing together—bullish for the market! 🚀

🚨 JUST IN: U.S. STOCK MARKET SUFFERS HISTORIC LOSS! 🚨

💥 $927 BILLION was wiped out from the U.S. stock market today, marking its worst trading day of 2025! 📉

Unprecedented volatility is shaking global markets—what’s next? Stay sharp, as this could trigger a massive shift across equities, crypto, and commodities! 🔥

Update:

🚨 BYBIT HACK UPDATE: MASSIVE WITHDRAWALS PROCESSED! 🚨

🔹 Since the hack (10 hrs ago), Bybit has processed a record-breaking 350K+ withdrawal requests!

🔹 99.994% of withdrawals have been successfully completed. 💸

🔹 Only ~2,100 withdrawal requests left to be processed.

Despite facing one of the worst hacks in financial history, Bybit's team has been working NON-STOP to ensure all operations remain smooth. 💪

https://x.com/benbybit/status/1893102137711960486

Bitcoin faced rejection at the $99,000 resistance level, and the recent Bybit hack news has contributed to a market decline, as anticipated. However, BTC has managed to hold above the $95,000 mark and is now attempting to reclaim the $96,500 to $96,800 range. Overall, global markets experienced a significant downturn yesterday, but Bitcoin has remained resilient despite the negative news from the hack.

ALT was unable to break through the $0.051 level and faced rejection at the resistance line. We might see a test of the support line to observe how the price reacts there. This area is not ideal for trading, so it is best to wait for a breakout above the $0.051 level.

Educational Post

How CPI Affects the Economy?

1. Consumer spending

Rising CPI indicates higher prices, which can reduce consumer spending as people can afford fewer goods and services. Conversely, a stable or falling CPI can encourage people to spend more.

2. Interest rates

Central banks, like the Federal Reserve, monitor CPI to set interest rates. Typically, high inflation encourages central banks to cool down the economy with higher interest rates. On the other hand, low inflation could result in lower rates to stimulate business and economic growth.

3. Wages and salaries

Employers may adjust wages and salaries based on CPI to help employees maintain their purchasing power. Unions often use CPI data in wage negotiations.

4. Government policies

Government programs, such as welfare benefits and tax brackets, are often adjusted for inflation using CPI. This ensures that these programs remain effective in real terms.

Bitcoin at a Critical Crossroad! 🚨

Bitcoin’s Adjusted Spent Output Profit Ratio (aSOPR) is hovering at 1.01, just above the breakeven mark. Historically, similar resets in mid-2020 and late 2023 triggered major rallies as buyers stepped in to absorb sell pressure. If it holds here, we could be looking at another bullish continuation! 🚀

However, if aSOPR drops below 1.0, it could signal increasing sell-side pressure, leading to further corrections. This is a decisive moment for Bitcoin’s trend—will the bulls defend this level, or will the bears take control? 👀

BNT analysis:

The current price is finding support at the uptrend line. You can consider opening a small long position at this support level with a stop loss in place. We may see a bounce toward the resistance area.

Support Area: $0.505-$0.52

Resistance Area: $0.655-$0.68

Bitcoin is currently moving sideways at the resistance level. We might see some action on Monday when trading volume returns.

Ethereum (ETH) is struggling to break above the resistance area and continues to test this level. Despite the recent Bybit hack, the price has managed to recover to the same levels. We may see a strong rally if the price breaks above the $2900 mark.

Educational Post

CPI and the Cryptocurrency Markets

Due to its relationship with interest rates, CPI can affect all types of financial markets, including crypto. While its influence on crypto markets is complex and multifaceted, a few points are worth noting.

1. Inflation hedge

As the CPI rises throughout the years, investors search for financial assets that can preserve their wealth and purchasing power. Despite being volatile, there is a growing interest in adding Bitcoin and other major cryptocurrencies to long-term investment portfolios as a hedge against inflation.

2. Monetary policy and market sentiment

As we’ve learned, changes in CPI influence central bank policies. For example, if CPI data indicates high inflation, central banks may raise interest rates. Higher interest rates can make traditional investments more attractive, potentially leading to a decline in cryptocurrency prices. In contrast, lower interest rates tend to affect the crypto markets positively.

3. Adoption and usage

Cryptocurrencies are considered high-risk assets and can be volatile in the short term. However, on a longer timeframe, persistently high inflation can erode trust in fiat currencies, possibly leading to increased adoption and usage of cryptocurrencies.

CHZ analysis:

Price is currently hovering between the support and resistance areas and is slowly moving towards the support zone. You can place your buy orders in the support area and wait.

Support Area: $0.045-$0.048

Resistance Area: $0.062-$0.0652

Bitcoin has been rejected from the resistance area and has tested the key level of $95,000 again. Let's see if BTC can hold above $95,000 when the US market opens today. A break below this level would be bearish and could lead to further declines in the market.