We saw how Bitcoin reacted to the Bybit hack in 2025. Now, with the massive Binance hack, all eyes are on how BTC reacts this time.

FEB. 21, 2025: $1.5B Bybit hack

-BTC dropped around 3.5% after the news.
-Price rejected the 50-day moving average (DMA 50) and continued lower.
-Two days later, Trump’s tariff comments added more pressure to global markets.
-BTC eventually found support around the DMA 200 near $80K and recovered.

OCT. 29, 2026 : $6.3B BINANCE hack with $3B frozen.

-This time, BTC dropped around 5.5%.
Once again, BTC rejected the DMA 50, near $82K, before breaking below the $79K support.

But there’s another problem.

GLOBAL MARKETS ARE ALSO WEAK

Nasdaq 100: ~-2%
$GOOGL -13%
$AMZN -7%
$INTC -22%

And oil is trading above $100 which adds even more pressure to risk assets like crypto.

The interesting part is that both major exchange hacks saw BTC reject the DMA 50.

In the Bybit event, BTC eventually retested the DMA 200.

Today, the DMA 200 sits around $73K. If global weakness continues, a retest of $73K is possible.

BULLISH RECOVERY:

If BTC can reclaim and hold the $82K DMA 50, short-term confidence could return.

$82K = reclaim zone

$79K = key support

$73K = DMA 200 / deeper support