3 days ago
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Key Takeaways
- 225.5K ETH single-day inflow to Binance: highest since May 2023.
- 7-day netflow MA at 64.9K ETH: highest since September 2022.
- ETH price at approximately $2,100 at time of data.
- Three possible interpretations: profit-taking, defensive exit, or derivatives collateral.
- Both records broken simultaneously: event and trend confirmed together.
What the two charts show
CryptoOnchain published two CryptoQuant charts on May 17 showing Ethereum exchange netflow into Binance from September 2022 to May 2026. The first chart shows daily netflow with a single-day spike of 225.5K ETH annotated as the highest since May 2023. The second chart shows the 7-day moving average of that same netflow, with a current reading of 64.9K Read Entire Article
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