The cryptocurrency market has witnessed a significant development as the hacker responsible for the $23 million Bitrue hack in April 2023 has resurfaced, selling off stolen assets on-chain after a year of dormancy. According to a tweet by @EmberCN posted on April 27, 2025, at 10:15 AM UTC, the hacker converted 150 billion SHIB tokens into 1,090.4 ETH, valued at approximately $1.97 million, and 135 million HOT tokens into 76.5 ETH, worth about $0.14 million, as tracked via on-chain data from Etherscan at the same timestamp. This activity marks a notable movement of funds originally stolen from Bitrue, which included a mix of assets such as ETH, QNT, GALA, SHIB, HOT, and MATIC. The total value of the stolen assets in April 2023 was reported at $23 million, per Bitrue's official statement on April 14, 2023, at 9:00 AM UTC. The recent transactions, specifically targeting SHIB and HOT, indicate a strategic liquidation effort by the hacker, potentially to obscure the trail of funds or capitalize on current market conditions. As of April 27, 2025, at 11:00 AM UTC, SHIB's price stood at $0.0000131, reflecting a 2.3% decline over the past 24 hours, while HOT traded at $0.00000105, down 1.8%, according to CoinGecko data. This selling pressure from the hacker could further influence the price dynamics of these tokens, especially given the substantial volume of SHIB involved. Additionally, Ethereum's price, which received the converted funds, was recorded at $1,805 per ETH at 11:00 AM UTC on April 27, 2025, showing a slight uptick of 0.5% in the last 24 hours, as per CoinMarketCap. The movement of such large sums into ETH might suggest a preference for a more liquid and stable asset amidst volatile market conditions, a trend often observed in illicit fund conversions as reported by Chainalysis in their 2024 Crypto Crime Report published on January 18, 2024. This event not only highlights ongoing risks in crypto security but also underscores the persistent challenge of tracking and recovering stolen digital assets over extended periods.

From a trading perspective, the hacker's actions present several implications for market participants focusing on SHIB, HOT, and ETH trading pairs. The sale of 150 billion SHIB tokens, equivalent to roughly 0.25% of SHIB's total circulating supply of 589 trillion tokens as of April 27, 2025, at 11:30 AM UTC per CoinGecko, could exert downward pressure on SHIB's price in the short term. This is particularly relevant for traders monitoring SHIB/USDT and SHIB/ETH pairs on major exchanges like Binance and OKX, where 24-hour trading volumes reached $180 million and $25 million respectively at 12:00 PM UTC on April 27, 2025, according to exchange data. Similarly, the liquidation of 135 million HOT tokens, while smaller in relative market cap impact given HOT's circulating supply of 173 billion tokens, still contributed to a localized sell-off, with HOT/USDT volumes on Gate.io spiking by 15% to $3.2 million in the same timeframe, per Gate.io stats. For Ethereum, absorbing 1,166.9 ETH from these conversions (valued at $2.11 million) represents a negligible fraction of its daily trading volume of $8.5 billion as of April 27, 2025, at 12:15 PM UTC, per CoinMarketCap. However, traders should watch for potential accumulation patterns in ETH wallets linked to illicit activities, as flagged by blockchain analytics tools like Elliptic, which reported increased ETH inflows to mixer services post-hack liquidations in their April 2025 update. This could signal further laundering attempts, impacting ETH's short-term sentiment. For those exploring crypto trading strategies around hacked funds, focusing on SHIB's oversold conditions and HOT's low liquidity might uncover scalping opportunities, though with heightened risk due to unpredictable whale movements.

Delving into technical indicators and volume data, SHIB's Relative Strength Index (RSI) on the 4-hour chart dropped to 38 as of April 27, 2025, at 1:00 PM UTC, signaling potential oversold territory, per TradingView data. This aligns with a 24-hour volume surge to $205 million across major pairs, a 10% increase from the prior day, indicating heightened selling pressure likely driven by the hacker's transactions, as per CoinGecko at the same timestamp. HOT's RSI mirrored this trend at 41, with trading volume up 12% to $5.1 million in the last 24 hours, reflecting localized impact, according to CoinMarketCap data at 1:15 PM UTC on April 27, 2025. Ethereum's technicals, however, remain stable with an RSI of 52 on the daily chart, supported by consistent volume of $8.7 billion, suggesting minimal immediate disruption from the inflow, per TradingView at 1:30 PM UTC. On-chain metrics further reveal that the hacker's wallet transferred the converted ETH to multiple addresses, with 60% moved to decentralized exchanges within two hours of the initial sale, as tracked by Etherscan at 2:00 PM UTC on April 27, 2025. This fragmentation tactic, often used to evade tracking per Chainalysis 2024 insights, could temporarily boost DEX volumes for ETH pairs. For traders leveraging crypto market analysis, monitoring SHIB's support level at $0.0000128 and HOT's at $0.00000098 over the next 48 hours will be critical, as breaches could trigger further sell-offs. While no direct AI-related correlation exists in this hack, the use of AI-driven blockchain forensics by platforms like Elliptic, noted in their April 2025 report, highlights how AI tools are increasingly vital in tracking illicit crypto flows, potentially influencing market sentiment toward enhanced security protocols. This intersection of AI and crypto security could drive interest in AI-focused tokens like FET or AGIX if similar hacks escalate, a trend worth watching for diversified crypto trading portfolios.

In summary, the Bitrue hacker's recent asset sales underscore persistent vulnerabilities in the crypto ecosystem while offering actionable insights for traders. By focusing on SHIB and HOT price movements, ETH accumulation patterns, and leveraging technical indicators like RSI alongside on-chain data, market participants can navigate this event's fallout. For those searching terms like 'Bitrue hack 2025 update' or 'SHIB price impact hacker sale,' staying updated on wallet movements via Etherscan and exchange volume shifts is paramount for informed crypto investment strategies.