Bitcoin Price Stabilizes at $96K Despite Bybit Hack Fallout

Despite the shockwaves from the Bybit hack, Bitcoin (BTC) is showing remarkable stability, holding around $96,256 as of February 23, 2025.

Key BTC Market Trends:
✅ Whale activity slowing down – Large holders are holding instead of taking profits.
✅ Price consolidation – BTC has been ranging between $94,000 and $100,000 for weeks.
✅ Altcoin struggles – Many alts are down, reflecting broader risk-off sentiment post-Bybit hack.

What’s Next for Bitcoin?

• Will BTC break past $100K soon?
• Is this a sign of long-term stability, or just a pause before more volatility?
• How is the Bybit hack affecting market confidence?

Let’s break it all down.

Bitcoin Holds Strong Despite Bybit’s $1.5B Hack

Bybit’s historic security breach on February 21—where hackers stole $1.5 billion in Ethereum—sent shockwaves through the market.

Market Reactions:
Altcoins took a hit – Many saw declines between 5-12% as investors pulled riskier holdings.
Bitcoin remained stable – BTC has held its ground near $96K, showing resilience.

Why Didn’t Bitcoin Drop?
1️⃣ Institutional Demand: BTC is still the go-to asset for institutions, especially post-ETF approval.
2️⃣ Whale Holdings Remain Strong: Large holders have slowed profit-taking, preventing major sell-offs.
3️⃣ Safe-Haven Appeal: Bitcoin’s narrative as “digital gold” strengthens during exchange uncertainty.

Despite the chaos, Bitcoin remains the market’s anchor.

Whale Behavior & Price Consolidation: BTC’s Next Move?

Bitcoin has been trading within a tight range:

Resistance: $100K – A psychological barrier where profit-taking increases.
Support: $94K – Where buyers have stepped in to stabilize price.

Whale Activity Insight:

• Data from CryptoQuant shows that large BTC holders have stopped aggressive selling.
• OTC desk activity suggests institutional investors are still accumulating BTC.
• Spot ETF inflows remain strong, reinforcing demand.

“Whales aren’t selling, and ETF demand is steady. BTC’s next breakout is coming.”

If buyers gain momentum, BTC could soon challenge $100K again.

How Altcoins Are Reacting to Bitcoin’s Stability

While BTC is stable, altcoins are feeling the pressure.

Recent Altcoin Performance (Post-Bybit Hack):

Key Takeaways:

• Ethereum benefited from Bybit’s ETH purchases.
• Memecoins and speculative alts are taking the biggest losses.
• Bitcoin’s dominance is rising, showing a risk-off environment.

If Bitcoin surges past $100K, some capital could rotate back into altcoins—but for now, BTC is where the money is.

What’s Next? Key Levels & Market Outlook

Bullish Scenario:

• BTC reclaims $98K+, setting up a new push to $100K+.
• ETF inflows continue growing, reinforcing institutional demand.
• Whale accumulation strengthens, limiting sell-offs.

Bearish Scenario:

• If BTC drops below $94K, it could signal a bigger correction.
• More regulatory uncertainty or exchange issues could spark volatility.
• Altcoin weakness could drag overall market sentiment lower.

The key battle remains around $96K-$100K—breakthrough or rejection?

Final Thoughts: Will Bitcoin Hold or Break?

Bullish Case:
✔ Institutional demand remains strong.
✔ Bitcoin ETF inflows are growing.
✔ Whales are holding, not selling.

Bearish Case:
❌ A major sell-off at $100K could trigger corrections.
❌ Altcoin weakness may signal risk-off sentiment.
❌ More exchange instability could rattle investors.

Bitcoin is in a crucial range—will it push past $100K or see another pullback?

What’s your prediction? Is BTC ready for new highs, or will we see a deeper correction? Drop your thoughts below!