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Ethereum Traders Are Flooding Binance: Here’s What It Means

  • Ethereum open interest on Binance surged by 41% in 30 days, indicating increased futures activity and institutional involvement.
  • Major ETH outflows from exchanges signal reduced sell pressure and growing confidence among long-term holders.
  • The rise in Ethereum's price is not solely driven by spot market excitement, but also supported by the futures market, with Binance emerging as a key player in crypto derivatives.
  • Ethereum exchange flows show bullish accumulation trend as investors withdraw ETH from trading platforms, potentially signaling reluctance to sell in the near future and strengthening the bullish outlook.

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