BTC's price has fallen by over $4,000 following the Bybit hack.Bybit confirmed a hack that drained its wallet of around $1.4 billion in ETH.The hack had a significant impact on the market, with BTC losing over $4,000 and altcoins also experiencing losses.CoinGlass reported liquidations of over $600 million, with the single-largest wrecked order worth $45.8 million.