When that happens, investors sell what they can. Crypto, which trades around the clock and settles quickly, is often the easiest thing to sell. It becomes the ATM for losses incurred somewhere else.
The second drain is Anthropic. The AI company’s IPO is scheduled for November 19, 2026, according to the research findings, and Lee suggests investors may be freeing up cash in anticipation of retail allocations.
The third factor is the Binance hack. The research findings indicate the hack occurred around late October 2026, with approximately $6.3 billion in funds reportedly being restored or made available.
Lee counts the movement of those returned funds among the forces that may add to selling pressure.
