Odaily Planet Daily News: Matrixport released today's chart stating that the focus of market attention is on how Bybit suffered nearly 500000 ETH stolen on Friday, but what is truly worth paying attention to is its impact on the market. Bybit needs to repurchase ETH to replenish wallet funds, while hackers need to be cautious about subsequent operations.
Based on past experience, stolen funds are usually not immediately sold, meaning short-term selling pressure or limited. At the same time, there is a potential demand for 500000 ETH in the market, and currently only about 100000 ETH have been repurchased according to reports. The imbalance between supply and demand may drive up the price of ETH. Given the signs of price stabilization, we are optimistic about the current trend.
