Blockstream: Hacker Returns $320M Bitcoin
Blockstream Liquid Network hacker returns $320M Bitcoin after on-chain talks. BTC trades at $79034.78 amid bearish EMA signals.
SourceAnalysis
Blockstream Liquid Network suffered a $320 million Bitcoin theft, yet the hacker is returning funds after messaging developers on-chain to fix the bug first.
Bitcoin hackers returning stolen funds historical cases show rare community-driven resolutions that reinforce BTC as a resilient asset, echoing past Blockstream Liquid Network sidechain security and past incidents where transparency prevailed.
Price action on the 4h chart shows BTC at $79034.78 testing the upper Bollinger Band resistance at $80662.99 while the EMA50 at $79048.8 acts as immediate resistance and the EMA200 at $73667.45 provides deeper support; with RSI at 44.28 neutral and MACD confirming a death cross, a retracement toward the lower band support at $78903.86 appears likely before any sustained move higher.
Eric Balchunas
@EricBalchunasBloomberg's Senior ETF Analyst and acclaimed author, co-hosting Trillions & ETF IQ while bringing deep institutional investment insights.