Reality check after the $6.3B Binance hack:
$ETH is entering a brutal 30-90 day grind. Lazarus Group sitting on 420K+ unfreezable $ETH means sustained sell pressure with no off-ramp.
Expect:
• Psychological support tests at $1,800-$2,000
• Order books thinning out hard
• Bid/ask spreads 5x wider than normal
• Localized spot-selling walls through Nov-Dec
Some capital rotating to on-chain DEXs might cushion the fall, but $ETH will likely underperform $BTC until this criminal supply gets flushed—potentially dragging into early 2027.
If you're long $ETH, brace for chop. If you're sidelined, watch those floors closely.
$ETH is entering a brutal 30-90 day grind. Lazarus Group sitting on 420K+ unfreezable $ETH means sustained sell pressure with no off-ramp.
Expect:
• Psychological support tests at $1,800-$2,000
• Order books thinning out hard
• Bid/ask spreads 5x wider than normal
• Localized spot-selling walls through Nov-Dec
Some capital rotating to on-chain DEXs might cushion the fall, but $ETH will likely underperform $BTC until this criminal supply gets flushed—potentially dragging into early 2027.
If you're long $ETH, brace for chop. If you're sidelined, watch those floors closely.