PANews reported on February 24 that Matrixport analysis pointed out that hidden buying in the Bybit theft may have boosted ETH's rebound. The market's focus is on the theft of nearly 500,000 ETH from Bybit, but what is really worth paying attention to is its impact on the market. Bybit needs to repurchase ETH to replenish wallet funds, and hackers need to be cautious in subsequent operations.

Based on past experience, stolen funds are usually not sold immediately, that is, short-term selling pressure may be limited. At the same time, the market has added 500,000 ETH of potential buying demand, while currently only about 100,000 ETH are reportedly repurchased. The imbalance between supply and demand may push ETH prices up. Given that the price has shown signs of stabilization, we are optimistic about the current trend.