Hackers Sell $72M ETH into Rally — Expect Near-term Pressure
I note on-chain data showing hackers have offloaded roughly $72M in ETH during the recent price surge, selling into strength rather than holding.
This concentrated unloading raises short-term sell pressure and heightens volatility as stolen coins move toward exchanges and liquidity pools.
I'm cautious: I would avoid buying the immediate rally, consider trimming exposure if long, and wait for clearer on-chain signs of distribution completion before adding back in.
Analysis
Recommendation
Sell on strength: trim positions or tighten stops, monitor known hacker addresses and exchange inflows, and wait for clear on-chain exhaustion before redeploying capital.
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.