COINOTAG News reports a notable net inflow of Ethereum to Binance, tallying 24,500 ETH—the largest level observed since July. On-chain data indicate a surge in transfers to the spot and derivatives venue, a pattern often linked to forthcoming selling pressure as traders reallocate positions.
Market participants attribute the move to potential liquidity-building by wallet whales and derivatives hedging activity in markets. ETH is trading around $2,980, and a rising exchange supply may cap any immediate upside, squeezing near-term momentum.
Past episodes of similar inflows have tended to accompany higher volatility or a downswing. With the current flow profile, the near-term bias remains bearish, warranting cautious positioning for long holders and disciplined risk controls.
Source: https://en.coinotag.com/breakingnews/ethereum-inflow-to-binance-surges-to-24500-eth-hinting-at-short-term-bearish-pressure
