In depth analysis of Bybit theft incident: crisis and opportunity coexist! 🚨 Suddenly! The Bybit theft incident triggered market volatility, what will happen next? 🚨 1. Users frantically withdraw coins, Bybit responds urgently The current user is frantically withdrawing coins, and Bybit will inevitably purchase a large amount of ETH to cope with the run in order to compensate the user. In the short term, the demand for ETH is surging, and the price may experience a wave of increase! 📈 But is this a brief carnival, or the tranquility before the storm? 2. The withdrawal wave has ended, and the crisis has just begun When the user's withdrawal is nearing its end and Bybit stops buying ETH, they will face a crisis of selling coins from hackers. The market sentiment will quickly turn pessimistic, and negative sentiment may trigger a new round of decline. 📉 How to deal with the stolen money of hackers? 1.5 billion yuan in stolen money is not a small amount! Swap directly to USDT on the mainnet? Entering the exchange? It's impossible! ❌ These operations are too easy to track, hackers wouldn't take that risk. In the short term, the possibility of a direct crash is extremely low. 4. Long term hidden dangers: coin mixers and cross chain bridges The most likely operation is for the stolen funds to enter the coin mixer and be exchanged for decentralized assets such as DAI and WBTC, or even transferred to Layer2 through cross chain bridges. This process may take several years to gradually whiten. Although there will be sustained selling pressure in the long run, if spread out annually, the impact of 1.5 billion yuan on the market will not be so terrifying. 5. Summary: Emotions dominate, market volatility intensifies Overall, this incident is more of an emotional impact. The market may experience severe fluctuations in the short term, but in the long run, the impact is limited. The key is whether Bybit can withstand this run crisis! Bybit Cryptocurrency ETH Hacker Market Analysis