1 hour ago
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Key Takeaways
- About 57,700 ETH flowed into Binance on a net basis.
- New depositor addresses sat near 320, a weak demand signal.
- ETH open interest on Binance fell roughly 25%, from $2.8B to $2.1B.
- Daily ETH issuance remains low at just 2,791 ETH.
The signal worth reading in Ethereum’s on-chain data is not the exchange inflow or the drop in open interest on its own. It is that Ethereum is flashing a sell signal and a buy signal at the same time: potential spot-selling pressure is building just as a broad deleveraging phase quietly strengthens the market’s structure.
Inflows Up, New Buyers Absent
The near-term caution starts with where the coins are moving. Roughly 57,700 ETH flowed into Binance on a net basis, the kind of move that often suggests some holders may be preparing to sell or to add liquidity for trading. On its own that is ambiguous, but the second number sharpens i...
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