According to BitMEX Research, approximately 75% of ETH user deposits on Bybit have been stolen. This significant loss could impact trading volumes and user trust on the platform. Traders should monitor Bybit's updates and consider the security measures being implemented. Institutional and retail investors may need to reassess their exposure to the platform until more information is available.

According to Ai 姨 (@ai_9684xtpa), Abraxas Capital Mgmt's associated address 0xEd0...a4312 deposited a total of 24,810 ETH, valued at $66.04 million, to exchanges in the past 24 hours with an average deposit price of $2,661. The address holds 110,224 ETH across Lido, ether.fi, Aave, and Compound, with a total value of approximately $295 million.

According to Ai 姨 (@ai_9684xtpa), in the past 4 hours, two significant Ethereum whales have deposited a total of 5,800 ETH, worth approximately $15.73 million, to exchanges. Address 0xc8D...Be2CD has sold 3,100 ETH which were originally purchased in April 2023 at an average price of $1,890, potentially realizing a profit of $2.546 million. Furthermore, address 0x41A...F7277 has sold ETH acquired at a previous high of $3,499, indicating possible profit-taking. (Source: Ai 姨 @ai_9684xtpa)