When Bybit was hacked for $1.5 billion last time,
a lot of people tried to spin the bad news as good news, saying it was actually bullish because they were going to buy back in.
But then ETH nearly halved over the next month and a half.
Of course, there were other external factors too, like the trade war and tariffs,
but the main reasons were internal.
This Binance hack has dealt a huge blow to confidence in the industry.
I think the bull market is still on,
but, like last time, it might be delayed by a few months.
This time is at least 10 times worse than last time.
The hacker now has $1.1 billion worth of ETH.
Let's wait until he finishes selling before pumping the market.
Maybe it'll break 100,000 again next year.
a lot of people tried to spin the bad news as good news, saying it was actually bullish because they were going to buy back in.
But then ETH nearly halved over the next month and a half.
Of course, there were other external factors too, like the trade war and tariffs,
but the main reasons were internal.
This Binance hack has dealt a huge blow to confidence in the industry.
I think the bull market is still on,
but, like last time, it might be delayed by a few months.
This time is at least 10 times worse than last time.
The hacker now has $1.1 billion worth of ETH.
Let's wait until he finishes selling before pumping the market.
Maybe it'll break 100,000 again next year.
