"Bitcoin shows resilience despite Bybit hack... Net Realized PNL maintains lowest levels"
Son Min
Summary
- Reported that Bitcoin's Net Realized PNL maintains low levels.
- Stated that the hacking incident temporarily delayed Bitcoin's breakthrough of $100,000.
- Indicated that a sharp increase in Realized Loss could signal a bottom formation for Bitcoin.
Despite the Bybit hacking incident, analysis shows that Bitcoin (BTC)'s Net Realized PNL remains at low levels.
On the 23rd (local time), Negentropic, a Glassnode co-founder account, stated via X that "Despite the Bybit hack, Bitcoin's Net Realized PNL maintains its lowest levels" and that "the major support level is around $92,000." They further added that "this hacking incident has merely delayed Bitcoin's breakthrough of $100,000" and noted that "if Realized Loss increases sharply, this could signal a bottom formation for Bitcoin."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![Shock that there is 'no US government backstop'… Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Soo-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/b23cb4d1-e890-4f1c-aa52-f18f45dc8192.webp?w=250)
