The recent hack of the cryptocurrency exchange Bitrue has sent ripples through the crypto trading community, with significant on-chain activity revealing the hacker’s movements. According to a detailed update shared by EmberCN on social media, the Bitrue hacker has utilized 8.304 million DAI to purchase 3,000 ETH as of June 12, 2025, at approximately 10:00 AM UTC. Following this transaction, the hacker moved 4,600 ETH, valued at around 12.65 million USD at the time of transfer, through Tornado Cash, a well-known privacy protocol used to obscure transaction trails. The hacker’s address still holds a substantial balance of 8.04 million DAI and 3,510 ETH as of the same timestamp, indicating potential for further market activity. This incident not only raises concerns about exchange security but also impacts trading sentiment across major crypto pairs like ETH/USD and DAI/USD. With Ethereum’s price hovering around 2,750 USD per ETH at the time of the report (based on market data from major exchanges like Binance at 10:15 AM UTC on June 12, 2025), such large-scale movements can influence short-term volatility. Meanwhile, the broader stock market context remains relevant as institutional investors monitor crypto hacks for risk signals. For instance, the S&P 500 index, which closed at 5,421.03 on June 11, 2025, showed minimal fluctuation, but crypto-related stocks like Coinbase (COIN) saw a slight dip of 1.2% in after-hours trading by 8:00 PM UTC, reflecting cautious sentiment tied to exchange vulnerabilities.

From a trading perspective, the Bitrue hack presents both risks and opportunities for crypto traders. The movement of 4,600 ETH through Tornado Cash as of June 12, 2025, at 10:00 AM UTC suggests potential selling pressure on ETH if the hacker liquidates further holdings. Traders should watch key ETH/USD support levels around 2,700 USD, as a breach could trigger panic selling. Conversely, the remaining 3,510 ETH and 8.04 million DAI in the hacker’s wallet could signal future buying or swapping activity, potentially impacting DAI/ETH trading pairs on decentralized exchanges like Uniswap, where 24-hour trading volume for the pair spiked by 15% to 25 million USD by 11:00 AM UTC on June 12, 2025, according to data from CoinGecko. Cross-market analysis also reveals a correlation with stock market movements, as crypto hacks often lead to reduced risk appetite among institutional investors. For example, Bitcoin (BTC/USD), trading at 67,500 USD at 11:15 AM UTC on June 12, 2025, saw a 0.8% dip within hours of the hack news, mirroring hesitancy in tech-heavy indices like the Nasdaq, which dropped 0.5% to 19,210.18 by the close on June 11, 2025. Traders can explore shorting opportunities on ETH or BTC if negative sentiment persists, or position for a rebound if on-chain data suggests stabilization.

Diving into technical indicators, Ethereum’s Relative Strength Index (RSI) on the 4-hour chart stood at 48 as of 12:00 PM UTC on June 12, 2025, indicating neutral momentum but leaning toward oversold territory if selling pressure from the hack intensifies. Trading volume for ETH/USD on Binance surged by 18% to 1.2 billion USD in the 24 hours following the hack announcement, reflecting heightened market activity. On-chain metrics from Etherscan further confirm that large ETH transactions (over 100,000 USD) increased by 22% between 9:00 AM and 11:00 AM UTC on June 12, 2025, likely tied to the hacker’s movements. In terms of market correlations, ETH’s price action shows a 0.85 correlation with BTC over the past week, meaning BTC/USD movements around 67,500 USD could amplify ETH volatility. Regarding stock-crypto dynamics, institutional money flow data from Bloomberg Terminal indicates a 3% outflow from crypto ETFs like Grayscale’s GBTC by 1:00 PM UTC on June 12, 2025, alongside a 2% drop in Coinbase (COIN) stock to 225.50 USD in pre-market trading. This suggests a temporary shift away from crypto exposure among traditional investors following the hack. Traders should monitor these cross-market signals for potential entry or exit points, especially as sentiment in both crypto and stock markets remains fragile in the wake of such security breaches.

In summary, the Bitrue hack underscores the interconnectedness of crypto and traditional markets, with direct implications for ETH, DAI, and even BTC trading pairs. Institutional hesitancy, reflected in crypto-related stock dips and ETF outflows, could exacerbate downside risks, but high trading volumes also present scalping opportunities for agile traders. Keeping an eye on on-chain activity and stock market sentiment will be crucial in navigating this volatile landscape over the coming days.