Zhu Su: The short positions in the panic sentiment of the Bybit event may drive ETH to a new high

2025-02-22 11:44:49

ChainCatcher news, Zhu Su posted on social media that a large number of traders opened short positions in panic over the theft on Bybit, and now ETH finally has the opportunity to reach a new all-time high (short squeeze).

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Bybit theft incident tracking

Column Bybit theft incident tracking

On the evening of February 21, 2025, Bybit suffered a hacker attack, with over $1.4 billion worth of cryptocurrency assets stolen. How will the incident unfold, and what subsequent impacts will it bring?

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Bybit event panic sentiment ETH

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