$ETH is witnessing a worrying divergence large institution are moving assets to exchanges while spot trading volume is declining, yet leverage is keeping the price stable.
š¹ Following the recent recovery, BlackRock sent 36,579 ETH ($108.4 million) to the exchange. Simultaneously, a whale sent 680 ETH ($2.03 million) to Binance. These move typically precede selling or liquidity rebalancing.
šø While spot trading volume plummeted 52% signaling weak natural confidence, Open Interest increased 2.46% to $38.51 billion. The market is being driven by leverage, not genuine demand.
š¹ ETH is consolidating tightly between $2,790 and $3,000. The $ADX at 30.39 indicates a strong trend is active, but the CMF at -0.05 confirms net outflow. A daily close below $2,790 would trigger the next price drop.
When the world largest asset management company moved over $100 million to the exchange just as spot trading volume plummeted, is this a normal rebalancing or a signal to reduce risk before the next price drop?
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