Crypto prices fell sharply after the largest hack in history hit Binance, and it's bad news short-term for Bitcoin and altcoins alike, though Binance itself looks financially fine.

• Hackers stole around $6 billion from Binance's hot wallet, the biggest crypto (or any) hack ever, bigger than every previous crypto hack combined.
• Binance already set aside over $6 billion of its own funds to cover user losses and says withdrawals should resume within about two days; roughly $3 billion of the stolen funds have already been frozen.
• The suspected attacker is linked to the same North Korea-tied hacking group behind last year's Bybit hack, and Binance says multiple security weak points were found, not just one.
• A separate tech stock selloff, driven by a huge one-day collapse in Intel's stock after weak guidance, following Google's big drop the day before, added extra pressure on markets and crypto together.
• Bitcoin broke below its recent support zone and is now testing lower ground, with Ethereum, XRP, Solana, and Chainlink all breaking similar support levels.

Outlook: Short-term weakness is expected to continue with no strong bounce yet, though Bitcoin and Ethereum are both nearing oversold territory, which could bring a brief pause or small relief bounce in the coming days.

## Bitcoin Levels

• **Bias:** Bearish short-term, with the broader bull-cycle view still considered intact
• **Support:** $75,000–$76,000 (key zone, already tested); weekly trend support still holding
• **Resistance:** $80,000–$82,000 (former support, now resistance after breakdown)
• **Targets:** Downside target was $76,000 (already reached); next watch zone remains $75,000–$76,000 holding
• **Invalidation:** A sustained break below $75,000 on a "black swan" event would open further downside