Coinkarma founder Benson Sun said bitcoin stolen in the recent Binance theft poses almost no short-term selling pressure because liquidation would be difficult. Sun said Binance had confirmed freezing approximately $2.5 billion in assets, about half the stolen total. Sun assessed that ETH was more likely to generate selling pressure, with potentially more than $1 billion reaching the market. Sun said Binance could instead generate bitcoin buying pressure if Binance uses SAFU to compensate for losses and replenish bitcoin.