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Depth Analysis of Crypto Assets Market Pullback: Dual Pressure from Hacker Attacks and Geopolitics
Crypto Assets Market Pullback Analysis: Hacker Attacks and Geopolitical Impacts
Recently, the Crypto Assets market has experienced significant adjustments, primarily influenced by two factors:
Micro Level: Concerns Arise from Large Amounts of Funds Being Stolen
The consecutive hacking incidents involving Bybit and Infini have raised concerns in the market. A loss of $1.5 billion is a significant blow for Bybit and may impact its expansion plans. Although the core vulnerability lies in Safe rather than Bybit, recovering the losses may face legal challenges. For Infini, a loss of $50 million is an even greater blow for a startup.
These events have shaken traditional investors' confidence in the Crypto Assets industry, as evidenced by the outflow of funds from the BTC ETF. The market fears this may hinder the establishment of a friendly regulatory framework.
Macroscopic Level: Great Power Competition and Liquidity Migration
The current market has high uncertainty. Individual investors may consider a barbell strategy, allocating to blue-chip Crypto Assets and low-risk DeFi projects, while also taking small positions in high-volatility assets. Although there is pressure in the short term, no obvious structural risks have been observed, and positions can be built appropriately during excessive pullbacks.