Why Bitcoin’s Next All-Time High Looks Distant After the Binance Hack 

Binance suffered a $6.3 billion theft, described as the largest in crypto history, after which Bitcoin fell to $76,000 following a month in the $80,000-$85,000 range. Binance has not resumed withdrawals, which is expected to add pressure when users can sell funds. Charles Edwards, founder of Capriole Investments, blamed AI-driven exploits outpacing security patches, cited Tether halting $1.8 billion of the stolen funds, and called for a quantum-resistant Bitcoin roadmap. Giovanni Santostasi said exchanges and hardware wallets are centralized failure points, while Binance’s findings indicate operational security, not cryptography, was exploited. Benjamin Cowen linked the breach to a bear-market pattern in the fourth quarter of U.S. midterm years, and all three said a new all-time high is not close.