Bitcoin Bulls Rejoice: Analysts Set New $110K Price Floor as Foundation Solidifies

Bitcoin holders just received their marching orders—and the destination looks spectacular.

The New Support Level That Changes Everything

Market analysts are telling Bitcoin investors to raise their price targets dramatically as the cryptocurrency establishes what appears to be an unshakable foundation at $110,000. This isn't just another resistance break—it's the formation of a permanent base camp before the final ascent.

From Speculation to Certainty

That $110,000 level has transformed from psychological barrier to concrete support faster than traditional finance can update their 'bubble' PowerPoint presentations. While Wall Street analysts were busy predicting crypto's demise, Bitcoin was quietly building its fortress.

The new price floor represents more than just numbers—it signals institutional acceptance meets retail conviction. Call it the perfect storm for bears who thought they could short their way to profitability.

Meanwhile, traditional finance continues to offer 2% returns with 200% paperwork. Your move, bankers.

TLDR

• A Hyperliquid trader lost $21 million after their private key was stolen.
• Stolen assets, including 17.75M DAI, were transferred to Ethereum immediately.
• Private key theft continues to be a major security risk in crypto.
• Hyperliquid’s security breach adds to concerns over decentralized platforms.

A trader lost approximately $21 million on Hyperliquid, a decentralized exchange, after an alleged compromise of their private key. The stolen funds were swiftly transferred to Ethereum, according to blockchain security firm PeckShield. The incident underscores the risks associated with digital assets and highlights the importance of private key security within the crypto space.

Attack on Hyperliquid Trader

The user, linked to the address “0x0cdC…E955,” was targeted in what appears to be a private key compromise. PeckShield reported that the stolen funds included 17.75 million DAI and about 3.11 million MSYRUPUSDP. These digital assets were quickly bridged to the ethereum network, making it difficult to trace or reverse the transaction.

The breach comes amid rising concerns over private key thefts, which continue to be one of the leading causes of cryptocurrency theft. A private key is a crucial piece of cryptographic information that controls access to a user’s wallet. Losing control of this key essentially grants full access to the funds, allowing the attacker to transfer assets without restrictions.

How Private Key Compromise Works

A private key is the fundamental cryptographic credential required to prove ownership of a wallet and to authorize transactions. In the case of Hyperliquid, the exact method through which the key was compromised has not been revealed. However, common attack vectors include phishing attacks, malware, and poor key management practices.

Once an attacker gains access to a private key, they can transfer the assets in the wallet to any address they control. In this case, the stolen funds were immediately bridged to Ethereum, a popular blockchain network, further complicating efforts to recover the funds.

The Role of Hyperliquid’s Security

Hyperliquid, a decentralized perpetual exchange, has been a platform that markets its high-performance blockchain and sub-second finality. However, this breach adds to concerns about the security practices within the broader Hyperliquid ecosystem. The platform operates with on-chain order books, which makes the management of private keys and user security even more critical.

The incident highlights the vulnerability of decentralized platforms, especially when users or operators fail to implement best security practices. While Hyperliquid’s system may offer speed and efficiency, it also relies heavily on users maintaining the security of their private keys.

Broader Crypto Security Concerns

Private key thefts have been a persistent issue across the cryptocurrency industry. In the first half of 2025 alone, over $2 billion in digital assets were stolen due to private key compromises and related vulnerabilities, according to The Block. These incidents reflect the ongoing challenges that both users and platforms face when it comes to securing digital assets.

Despite the decentralized nature of blockchain technology, which aims to eliminate intermediaries, the responsibility of securing private keys ultimately falls on the individual user. This incident serves as a reminder that no system, whether centralized or decentralized, is immune to the risks associated with weak key management or other security lapses.

The theft on Hyperliquid further emphasizes the need for robust security measures in the crypto ecosystem. As digital asset platforms continue to grow, users must remain vigilant and take proactive steps to safeguard their keys and funds.