Bitcoin Stabilizes After $1.4B Bybit Hack, ETF Inflows Surge

Bitcoin (BTC) has stabilized around the $96,000 mark following a significant decline triggered by a hack on Bybit, one of the leading cryptocurrency exchanges, which resulted in a staggering loss of $1.4 billion. The flagship cryptocurrency has shown a marginal increase over the past 24 hours, currently trading at $96,390.

BTC has been trading within a range for several weeks, but spot Bitcoin ETFs have continued to attract inflows. In the first quarter of 2025, ETFs have attracted inflows of $4.3 billion, compared to $4.8 billion in the same period last year.

Bitcoin's recent correction has left retail investors wondering whether to buy the dip or wait for a deeper correction. BTC has entered a consolidation phase after its impressive post-election rally, and analysts believe the current price action indicates a pause before the next leg of the bull rally. Edu Patel, Founder and CEO of Mudrex, stated, "While macroeconomic data and rising tariffs have caused short-term volatility, promising new developments in regulation and adoption, such as the SEC's crypto task force and new ETFs awaiting approval, signal there could be a lot of steam left in this bull run." Patel advises retail investors to take advantage of the current consolidation phase and buy the dip.

However, not everyone is convinced that now is the right time to enter the market. Shivam Thakral, CEO of BuyUcoin, warns investors to conduct thorough research and assess their risk tolerance before making any moves in the market. Amit Malik, President of JAPA (Japan, Asia Pacific, and Australia) at Wadzpay, also cautions retail investors against making impulsive decisions, as prices could fall further due to regulatory changes or macroeconomic events.

VanEck has released a tool that assesses the potential impact of a Strategic Bitcoin Reserve under specific conditions. The tool allows the government to set the number of Bitcoins purchased annually, the average price at which they are being bought, and the average compound growth rate of the BTC price and US debt. The research assumes the Bitcoin Act will be adopted this year and concludes that the US could amass 1 million BTC by 2049, with their total value amounting to $21 trillion, which would offset around