Every single time an exchange gets hacked, $ETH takes the hit harder than anything else.

Why? Because it's the most liquid alt on every platform. Hackers dump it first, panic sellers follow, and the whole thing cascades.

Meanwhile $BTC barely flinches and random L2 tokens pump because no one's touching them in the chaos.

This is your reminder that liquidity cuts both ways. When shit hits the fan, $ETH is always the exit door.