Analyzing the surge in Bitcoin wallets post-Bybit hack and the impact on price trends. Is Bitcoin signaling a bullish run or a cautionary decline?
Following a significant hack at the Bybit exchange, Bitcoin’s price stabilized above $95,000, leading to the creation of over 200,000 new Bitcoin wallets. Analysts believe that if Bitcoin manages to break the $97,000 resistance, it could resume its upward trend. Meanwhile, chain data shows an unusually high increase in new Bitcoin users. The surge in wallets is attributed to assets moving from exchanges to cold wallets and new investors buying Bitcoin during price dips, signaling a potential future price increase.
