Ethereum inflows to Binance totaled $33.3 billion over the past 30 days, the highest level since November of last year. The price has been holding around $1,955. This surge in exchange liquidity underscores the scale of liquidity entering Binance.
Traders are watching how the influx will influence near-term market dynamics now that ETH is priced near $1,955. The sustained liquidity could shape short-term price action and liquidity provision on the exchange. Analysts note that the trend highlights the growing role of centralized exchanges in liquidity distribution and price discovery.
Binance’s influence in near-term dynamics may affect risk and trading strategies. The price has hovered around $1,955.
Leave a Reply