A well-known trader: The Binance hack incident may mark the last major low before a significant crypto rally.

According to HTX market data, Bitcoin has rebounded to break through $78,000, currently trading at $78,003, with its 24-hour decline narrowed to 4.5%.

According to Lookonchain's monitoring, despite the market downturn, whales are still buying BTC. Over the past four hours, nine newly created wallets have received 1,900 BTC from Galaxy Digital, valued at roughly $148 million.

According to TradingBeats monitoring, as of press time, all tokens involved in the Binance hacker sell-off—UNI, ENA, PEPE, LINK, AAVE, ONDO, and WLD—have rebounded from their lows during this morning’s sell-off. PEPE has rallied roughly 12%, while ENA is up around 10%. After 9 AM this morning, two whales opened long positions worth approximately $3.09 million in PEPE and $4.01 million in ENA on Hyperliquid, totaling $7.1 million. They currently hold an unrealized profit of around $250,000 (wallet addresses: 0xb122, 0xedc0). Over the same period, PEPE’s nominal open interest (OI) rose roughly 23%, while ENA’s OI edged down about 1%. UNI has rebounded roughly 7%, with its nominal OI increasing by around 7%. Two accounts that opened short positions around 6 AM this morning still hold a combined short position worth approximately $2.83 million, currently facing an unrealized loss of about $90,000 (wallet addresses: 0x60a8, 0x2de3). For the remaining four tokens: AAVE rallied roughly 7% with nominal OI up ~1%; LINK gained ~5% with OI down ~4%; ONDO rose ~6% with OI down ~6%; WLD rallied ~7% with OI down ~13%.

Crypto KOL 加密无畏 (@cryptobraveHQ) estimates that Binance’s recent hack loss is around $3 billion, and the exchange could recoup the stolen funds in less than a year. Third-party estimates from outlets including Forbes put Binance’s 2024 and 2025 annual revenue at roughly $16–17 billion each. Assuming a 50% profit margin (Coinbase’s latest figure is around 59%), Binance’s annual profit would be approximately $8–8.5 billion, meaning the $3 billion loss equals roughly half a year’s worth of profit. Calculations based on 2025 BNB burn volumes of around $4.4–4.5 billion show the $3 billion loss equals about 8–9 months of BNB burn value.

According to on-chain analyst Ai Yi (@ai_9684xtpa), an address linked to Kanye West began selling ETH in batches six hours after the disclosure of Binance's hack. The address sold 1,390 ETH at an average price of $2,275.6, totaling around $3.163 million, with a loss of approximately $317,000. Currently, the address still holds 19,506.17 ETH as collateral, has borrowed $27.67 million in stablecoins, with a health ratio of 1.31. A liquidation will be triggered if ETH falls to $1,689.59.

Du Jun posted on X, stating: "Family offices I enthusiastically recommended allocating BTC and ETH to in earlier years, after experiencing CEX hacks and cold wallet supply chain security incidents, have mostly converted their BTC to IBIT, while some have even sold their crypto to purchase physical gold and other traditional assets. I don’t know how to advise them anymore—it seems there’s no solution."