Hackers Dump $72M ETH in Rally — Expect Short-Term Pressure
I see that hackers have liquidated roughly $72 million in Ethereum during the recent ETH rally, capitalizing on higher prices to convert stolen funds.
This looks like opportunistic profit-taking by illicit actors rather than organic market selling; however, such concentrated outflows can add temporary downward pressure and increase volatility.
I’m monitoring on-chain flows and exchange deposits closely for follow-up sell-offs that could widen short-term weakness.
Analysis
Recommendation
Don’t chase the rally; watch on-chain indicators and exchange inflows. If you hold ETH, consider trimming positions into strength and set alerts for large wallet movements before adding exposure.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.