Bitget Hacker: Swaps $351.6M ETH for BTC via THORChain

Bitget hacker who stole $351.6M is converting ETH to BTC through THORChain, per on-chain data from @lookonchain.

Price action on the 4h chart shows ETH at $2643.61 testing lower Bollinger support at $2652.66 while the EMA50 at $2667.35 caps upside in a bearish structure above the EMA200 at $2494.02. RSI at 38.56 remains neutral yet the MACD death cross at -3.75 confirms momentum loss, pointing to further downside pressure before any relief rally. This flow adds to recent BTC accumulation narratives and feeds directly into ETH price prediction models, crypto market crash scenarios, and Bitcoin dominance shift discussions.