Binance leverage has been flushed out, and ETH’s structure is healthier—but a catalyst is still missing.
CryptoQuant’s on-chain view: Binance leverage has been cleared out, leaving the market structure healthier than before the flush, but there’s still no clear bullish catalyst in sight.
Watch for two signs of a turnaround: USDT flowing back to Binance and the Coinbase Premium turning positive.
A repaired structure doesn’t mean an immediate takeoff; without money flowing back in, any rebound could easily be short-lived.
Which do you think will be the next catalyst: stablecoin inflows or changing expectations for macro interest rates?
Reply 1 if you think stablecoin inflows will come first
Reply 2 if you’re waiting for expectations around macro interest rates to ease
Reply 3 if you’re sitting tight for now—let’s wait a little longer: $ETH
#BinanceSquare
$ETH $BTC
CryptoQuant’s on-chain view: Binance leverage has been cleared out, leaving the market structure healthier than before the flush, but there’s still no clear bullish catalyst in sight.
Watch for two signs of a turnaround: USDT flowing back to Binance and the Coinbase Premium turning positive.
A repaired structure doesn’t mean an immediate takeoff; without money flowing back in, any rebound could easily be short-lived.
Which do you think will be the next catalyst: stablecoin inflows or changing expectations for macro interest rates?
Reply 1 if you think stablecoin inflows will come first
Reply 2 if you’re waiting for expectations around macro interest rates to ease
Reply 3 if you’re sitting tight for now—let’s wait a little longer: $ETH
#BinanceSquare
$ETH $BTC