Greeks.Live: Market sentiment remains cautiously optimistic after the Bybit Ethereum theft, traders believe it is only a temporary setback
2025-02-22 11:33:06
Greeks.Live Macro researcher Adam released an English community briefing on the X platform, the market sentiment remains cautiously optimistic despite the Bybit 1.50 billion USD Ethereum theft incident, and traders believe that this is only a temporary setback. The group consensus will focus on 9.5-9 6,000 USD as a key support level, expecting a mean reversion higher, but there is some disagreement on the weekend price action. The market believes that the impact of the hack is manageable, Binance and Bitget provide emergency liquidity support by depositing 50,000 Ethereum, and traders actively sell low volatility options (29% volatility), indicating limited concerns about further declines.
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