Hackers Dump $72M ETH in Rally — Short-Term Volatility Likely
I see that hackers have liquidated about $72M in ETH this week, capitalizing on the recent rally. Such concentrated on-chain selling increases short-term supply pressure and volatility.
I view this as opportunistic dumping rather than a change in Ethereum’s long-term fundamentals, but the risk of cascade liquidations and price whipsaws is elevated until those funds disperse off-exchange or are absorbed by buyers.
I will watch exchange inflows, whale transfers and liquidation metrics closely; if selling accelerates near resistance, I would trim positions or sell into strength.
Analysis
Recommendation
Watch price action and exchange inflows closely. Avoid adding to longs into the rally and consider selling on strength or trimming exposure if hacker-linked selling intensifies.
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.