It will take time and just like what we're seeing right now, there's another massive correction that we're seeing today.
I guess that some of the biggest holders are trying to manipulate again by riding this incident.
We'd see more of this soon but even with that, I am still bullish.
I have to go with @Dunamisx on this, the Bybit hack should only have a little effect on the market, Bybit is just an exchange and it's not all its money that was stolen. Perhaps you talked based on what is currently happening in the crypto market, it may happen with or without the Bybit issue, the $1.4b hack is too small to cause a serious issue in the crypto market. What happens now is a result of the persistent hovering of the market beneath upper resistance without a breakthrough due to the inability to attract more liquidity. This eventually created FUD in the market which resulted in what we see now. However, I see this as a temporary setback, so expect Bitcoin to move higher than before by the time it bounces back.
Well, that's how it goes.
We've seen the effect of it to the market. And I don't think that we can ignore that fact that this hacking incident turned the market down.
Everyone who's seeing this is going to look at what happened to Bybit. This isn't a little effect on the market but it made a lot panicked for sure.
But we both agree about this that it's only temporary and I am sure that we'll get back on feet again.