QCP: Despite the hacking incident in the cryptocurrency market, ETH performed well
QCP Capital released an analysis article stating that two days have passed since the recent hacker attack, with approximately $1.4 billion of ETH stolen. However, cryptocurrency prices and implied volatility have hardly reacted, highlighting the increasing maturity of the cryptocurrency landscape since FTX's crash in 2022, especially in the cryptocurrency credit market. From custody and security solutions to corporate governance and transparency, every aspect of cryptocurrencies has been strengthened with each past crisis. Due to CEX's buying over last weekend, ETH has performed well but now liquidity gap has narrowed down and risk reversal indicates people are worried about further decline in March.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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