Polkadot ecosystem bridge Hyperbridge goes wrong

Attackers forged messages to hard-mint 1 billion fake $DOT on the Ethereum bridge version, snatching $237,000
The native chain is fine, but the core narrative of cross-chain security is directly punctured
DOT price also gets stabbed along the way, $1.162, down -3.4% in 24h, down -46.7% over 90 days, with the K-line forming a straight line dropping; the 1.22 support has already been broken
The cruelest signal: contract OI in 4h surged +39% to $50.35 million, but the price dropped in sync
Long-short ratio is 1.61, 62% longs; the more it falls, the more retail investors buy to catch falling knives, while the shorts use fresh funds to aggressively build positions—classic long trap is already taking shape
🤔 In the short term, 1-2 weeks is clearly bearish; the next life-or-death checkpoint $1.00 will most likely be tested. If $BTC breaks 70,000, then look at 0.85-0.90
In the medium term, 1-3 months, the structure is weak
DOT is just too惨 this round—dropping from $55 to 1.187, -97.8%; while BTC is up 3.5 times, DOT has been slashed in half again and again
No DeFi, no meme, no AI, no ETF; the sell pressure from parallel chain unlocks is still there, and there’s no reversal catalyst to be found
Shorts are celebrating by building positions, while retail investors are still dreaming of catching knives; the cross-chain narrative that should be protected has gotten a slap in the face again
1.00 is the life-or-death line. If you’re not heavily positioned, don’t rush to open longs now—wait until it truly reacts around 1 dollar and then decide
Not investment advice. Not an advertisement. DYOR
#DOT