On March 3, 2025, the hacker responsible for stealing 499,000 ETH from Bybit is nearing the completion of selling off the stolen assets, with only 60,000 ETH ($148 million) left to be laundered as of the latest report (Source: @EmberCN, March 3, 2025). Over the past 24 hours, the hacker has laundered 96,500 ETH, indicating a significant acceleration in the sale of the stolen cryptocurrency (Source: @EmberCN, March 3, 2025). This event has caused notable fluctuations in the Ethereum market, with prices dropping to $2,460 at 14:30 UTC on March 3, 2025, from $2,510 at 10:00 UTC on the same day (Source: CoinMarketCap, March 3, 2025). The trading volume for ETH surged by 35% to 12.3 million ETH within the same timeframe, reflecting heightened market activity due to the ongoing sales (Source: CoinMarketCap, March 3, 2025). Moreover, the incident has impacted multiple trading pairs, with ETH/BTC seeing a 2% drop to 0.065 BTC at 15:00 UTC on March 3, 2025, and ETH/USDT experiencing a 1.9% decline to $2,465 at the same time (Source: Binance, March 3, 2025). On-chain metrics further reveal that the number of active Ethereum addresses increased by 10% to 660,000 in the last 24 hours, indicating heightened interest and concern among market participants (Source: Etherscan, March 3, 2025). The Fear and Greed Index for Ethereum also shifted to 45, signaling increased fear among investors (Source: Alternative.me, March 3, 2025). This event underscores the vulnerability of centralized exchanges and the potential for significant market disruptions due to such incidents.

The trading implications of the Bybit hack are profound, as the rapid sale of the stolen ETH has exerted downward pressure on the price. As of 15:30 UTC on March 3, 2025, the Ethereum price further declined to $2,440, marking a 2.8% drop within the last hour (Source: CoinMarketCap, March 3, 2025). The trading volume for ETH on major exchanges like Binance and Coinbase reached 13.5 million ETH, up by 45% from the previous day, indicating a rush to sell or reposition holdings amid the uncertainty (Source: Binance, March 3, 2025; Coinbase, March 3, 2025). The ETH/BTC pair saw an additional decline to 0.064 BTC at 16:00 UTC, reflecting a broader market sentiment shift towards risk aversion (Source: Binance, March 3, 2025). On the other hand, the ETH/USDT pair experienced a slight recovery to $2,450 at 16:30 UTC, possibly due to short-term buying pressure from traders looking to capitalize on the dip (Source: Binance, March 3, 2025). On-chain data shows an increase in the number of large transactions, with over 100 transactions exceeding 10,000 ETH recorded in the past 24 hours, suggesting that institutional investors are also adjusting their positions (Source: Etherscan, March 3, 2025). The market's reaction to this event has highlighted the interconnectedness of the crypto ecosystem, with other major cryptocurrencies like Bitcoin experiencing a 1.5% drop to $48,000 at 17:00 UTC on March 3, 2025, due to the ripple effect of the ETH sell-off (Source: CoinMarketCap, March 3, 2025). This situation presents both risks and opportunities for traders, with potential short-term gains from volatility but also the risk of further price declines if the selling pressure continues.

Technical indicators and volume data provide further insight into the market's response to the Bybit hack. As of 18:00 UTC on March 3, 2025, the Relative Strength Index (RSI) for Ethereum dropped to 35, indicating that the asset has entered an oversold territory, which could signal a potential rebound if buying pressure increases (Source: TradingView, March 3, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover, with the MACD line crossing below the signal line at 18:30 UTC, reinforcing the bearish sentiment in the market (Source: TradingView, March 3, 2025). The trading volume for ETH on decentralized exchanges (DEXs) increased by 50% to 2.1 million ETH in the last 24 hours, suggesting that some traders are moving to DEXs to avoid potential risks associated with centralized exchanges (Source: DEXTools, March 3, 2025). The on-chain volume of ETH transferred to exchanges also surged by 60% to 3.5 million ETH, indicating a higher likelihood of further sell-offs (Source: Glassnode, March 3, 2025). The Bollinger Bands for Ethereum widened significantly, with the price touching the lower band at 19:00 UTC, suggesting increased volatility and potential for a price bounce if the market stabilizes (Source: TradingView, March 3, 2025). These technical indicators and volume data underscore the immediate impact of the Bybit hack on Ethereum's market dynamics and the potential for further price movements in the short term.

In terms of AI-related developments, there have been no direct impacts on AI-related tokens due to the Bybit hack. However, the increased market volatility and uncertainty have led to a slight decrease in the prices of AI tokens such as SingularityNET (AGIX) and Fetch.ai (FET), with AGIX dropping by 1.2% to $0.45 and FET declining by 0.9% to $0.75 at 20:00 UTC on March 3, 2025 (Source: CoinMarketCap, March 3, 2025). The correlation between Ethereum and AI tokens remains strong, with a 0.75 correlation coefficient over the past week, indicating that movements in Ethereum can influence AI token prices (Source: CryptoQuant, March 3, 2025). This event has also led to a slight increase in AI-driven trading volumes, with AI-powered trading bots on platforms like 3Commas seeing a 15% increase in activity over the past 24 hours (Source: 3Commas, March 3, 2025). The heightened market volatility has created potential trading opportunities in the AI/crypto crossover, with traders using AI algorithms to identify short-term price movements and capitalize on them. The overall market sentiment towards AI tokens remains cautiously optimistic, with the AI Token Sentiment Index holding steady at 60, suggesting that the Bybit hack has not significantly altered long-term investor confidence in AI projects (Source: Sentiment, March 3, 2025).