ETH closed at $2,272.74, down 4.35% over 7 days and 9.50% over 30 days. đ
Binance USDT reserves on Ethereum fell 7.8% in 30 days to $34.78B, now in the 1st percentile of the past year.
Coinbase Premium Index for ETH is â0.16 (Z = â1.85), while Binance leverage rose 7.3% to 0.75. âïž
A negative premium and shrinking USDT on Binance may suggest weaker buying demand, even as leverage stays elevated.
Macro: GDP (3.40%) and PCE (3.65%) were released Oct 29. Treat ETH correlations with forward returns (â€0.15) as context, not forecasts.
One unverified read: USDT outflows may reflect capital moving to other venues. Data still being verified. $ETH $USDT #Ethereum #Crypto #Onchain #CryptoQuant
Binance USDT reserves on Ethereum fell 7.8% in 30 days to $34.78B, now in the 1st percentile of the past year.
Coinbase Premium Index for ETH is â0.16 (Z = â1.85), while Binance leverage rose 7.3% to 0.75. âïž
A negative premium and shrinking USDT on Binance may suggest weaker buying demand, even as leverage stays elevated.
Macro: GDP (3.40%) and PCE (3.65%) were released Oct 29. Treat ETH correlations with forward returns (â€0.15) as context, not forecasts.
One unverified read: USDT outflows may reflect capital moving to other venues. Data still being verified. $ETH $USDT #Ethereum #Crypto #Onchain #CryptoQuant
