Hackers dey panic sell ETH, buy am again high, lose $13.4M
For October 10, six hacker-linked wallets dem do quick sell of 7,816 ETH around average price of $3,728 as market drop sharply. On-chain tracker Lookonchain talk say dem later buy back the same amount at $4,159, making dem loss total $13.4 million.
The fast sell and high price buy back show say even skilled hackers fit suffer from market wahala (volatility). Some analysts talk say these big movements fit be laundering way, to change dirty money to clean asset even if dem lose money.
Traders suppose know say panic sell ETH fit make price pressure worse and confuse trading volumes. To watch on-chain signals well and keep disciplined exit plan na important for sharp market swings.
Bearish
Dis news dey bearish for ETH. For short term, di panic sell wey hacker wallets do for ETH add gbege for sell pressure, e push price down more during di crash. Big volume move dem like dis fit trigger stop-loss cascade and make di market dey more volatile. For long term, di matter show say liquidity wahala still dey and market fit jaga well-well if people wey no normal come dey do fast sell-offs. Traders fit start dey more careful, reduce leverage and tight risk control around big on-chain events.