Hold onto your wallets, folks! The crypto circus just had a $75 billion meltdown after what some are calling the greatest hack since sliced bread. Bybit lost $1.4 billion to the North Koreans—yes, that North Korea! Who knew they were also good at E-sports?🤣 Traders are now jumping on the BGB, TON, and XMR bandwagon like it’s a last-minute thrill ride at a carnival!
Top 20 Cryptocurrencies Drowning in Red After Bybit’s Oopsie-Daisy
Just when you thought it was safe to go back in the market, crypto hit the deck hard on Friday, courtesy of the $1.4 billion Bybit hack. The infamous Lazarus Group struck again—what are they, the superheroes of cybercrime? These guys are on a roll after raiding Atomic Wallet and Harmony’s Horizon Bridge faster than a kid in a candy store!
Ben Zhou, the CEO of Bybit, assured everyone that only one cold wallet was toasted—think of it as a crouton in your salad; the rest of your lunch is still fine!
And if that wasn’t enough, Binance swooped in like a knight in shining armor, tossing 50,000 ETH at Bybit to keep the ship afloat. “Don’t worry, folks! Your money is safe!” said Zhou. And you can trust that as much as you trust a magician! ✨
“Bybit hot wallets, warm wallets, and all cold wallets are peachy! The only cold wallet that got grilled was the ETH cold wallet. ALL withdrawals are NORMAL.” – Ben Zhou, Bybit CEO, Feb 21, 2025
But traders remained cautious. Bitcoin, Ethereum, and Solana took a nosedive that would make a limbo dancer proud!
As of the last check, Bitcoin was down to $96,671—like a bad joke that just keeps getting worse—taking a 2.4% hit in 24 hours. Ethereum was hanging out at just $2,736, and Solana took a dive of 3.0% to a measly $173. The cryptocurrency world now holds a collective sigh of $3.31 trillion—down $75 billion, or about the GDP of a small country!
Even with Binance’s big heart trying to save the day, trading volume skyrocketed to $148.5 billion. Talk about stress shopping in the crypto world! 🛒 Investors are moving assets faster than a toddler on a sugar high!
Derivatives Traders Putting Their Money Where Their Mouth Is: BGB, TON, and XMR
In the midst of this chaos, a handful of traders are putting on their goggles and diving headfirst into bets on BGB, TON, and XMR! With Coinglass heatmaps looking like a Christmas light explosion, long positions are climbing faster than a cat in a tree!
Despite the doom and gloom, these traders are feeling lucky! XMR, the secret keeper of the crypto world, is seeing lots of action when the regulators come knocking. And TON, the underdog champion since Telegram threw its hat in the ring, is gathering retail interest like pros at a poker game! BGB, after its crisis management hustle, is the belle of the ball!
If the sentiment changes—*fingers crossed*, those leveraged bets could spin into gains quicker than a roulette wheel at a Vegas casino!
Bitget (BGB) Traders Getting Greedy with $3.4M Leverage: Hallelujah!
As all others turn red and grim, Bitget’s native token, BGB, says, “Not today!” and has shot up 8% in the last 24 hours like a rocket! This isn’t your grandma’s cryptocurrency market—traders are grabbing long positions faster than you can say “put on your seatbelt!”
The latest liquidation heatmap shows that speculative traders are giving BGB a special hug, with $3.4 million in long positions outpacing the $2.5 million short by a whopping 36%. Talk about a vote of confidence! 🎉
After Bybit’s blunder, disgruntled users might just flock to Bitget, praying it stands tall like David facing Goliath. If Bitget can catch all these migrating users, BGB might just find itself in the spotlight, especially since everyone loves a discount and a good ole’ stake!
As of now, BGB has held its ground above $4.90. If all goes swimmingly, expect another grand show as speculators start tossing their chips in, hoping for a breakout above the mystery of $5! 🚀
Toncoin (TON) and Monero (XMR) – The Unsung Heroes of the Privacy Wars
Besides the rising star known as BGB, the Bybit fiasco has made privacy projects the gossips of the block. History tells us that when centralized exchanges go belly-up, traders run like they’re being chased by a swarm of angry bees—straight to privacy coins!
Data shows traders are putting their chips down for Toncoin (TON) and Monero (XMR) at astonishing rates. Just when you thought the party was over, those long positions are flowing like free drinks at a raucous wedding!
Following the hack, TON went as low as $3.50, but soon after, long position traders turned around and went crazy, pouring in $3.4 million in long bets. That’s more than your average Saturday night at the bar! 🍻
Monero (XMR) isn’t sitting on the sidelines either! With long positions at $1.02 million, outpacing shorts by 8%, XMR is acting like the cool kid in school everyone wants to sit next to!
The Bybit hack has left everyone scratching their heads, reevaluating their strategies while privacy coins and rivals prepare to be the life of the party! Let’s just hope they don’t trip over the barstool!
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2025-02-22 19:05