TL;DR
- Binance recorded the inflow of more than 162,000 ETH, reshaping the immediate supply and marking a shift in the balance between spot and derivatives.
- The exchange raised its reserves to 3.88M ETH and received whale deposits aimed at fast execution during rallies, leveraged positioning, and aggressive order-book adjustments.
- Open interest climbed above $17.62B with a majority of long positions, consolidating a range where $3,000 acts as a key control level.
ETH is showing an unusual increase in flows toward Binance, leaving signals that may redefine the balance between available supply, derivatives activity, and price expectations.
The exchange received more than 162,000 ETH in a single day, the largest inflow since 2023, lifting its reserves to 3.88 million tokens. Market supply on exchanges remains near historical lows, and pricing now depends more heavily on internal rotation among large holders to set levels and open liquidity pockets.
Whales Prepare New Strategies
The massive inflow suggests that a group of whales prepared new short-term strategies. Some may aim for faster execution during brief rallies, while others shift positions to trade with leverage or reinforce margin in derivatives. Binance holds the deepest liquidity in the market and enables aggressive repositioning, so the migration toward its order book typically signals a coming wave of activity.
The fear and greed index remains in neutral territory, avoiding a direct conclusion about immediate selling. The focus now is on assessing whether the new orders pressure support around $3,000 or fold into internal liquid-staking strategies.
The ETH inflow to Binance nearly matched the typical daily buying volume of large accounts. That scale reshapes intraday dynamics, forces a review of liquidity distribution, and creates a control point around the current price. Analysts are monitoring order-book depth because any concentrated selling could trigger a quick pullback, even as Ethereum’s network metrics continue to support structural demand. TVL grew 14% over the past year, keeping ETH as the leading base for lending, margin markets, and liquid staking.
Ethereum Bulls Seek a Clean Breakout
Open interest in derivatives markets rose to $17.62B, with more than 70% of positions leaning long. On Hyperliquid, short positions climb to 41%, highlighting the split in price expectations. On Binance, positions cluster just above $3,000, while the most relevant shorts extend up to $3,200. The structure suggests that bulls are targeting a clean breakout, backed by a network that delivers consistent liquidity and stable yield for holders.
ETH remains near 0.034 BTC and keeps the possibility of moving into a higher range if selling pressure on Binance eases and institutional activity sustains demand.
