#ETH price reclaimed above $2,100, influenced by large transfers of ETH to Binance and other exchange flows shaping short-term market dynamics. Analysts suggest on-chain activity tied to Binance is a key factor in price swings.
đ Whale Activity Around Binance
A crypto whale withdrew 20,520 ETH (â $41.9M) from Binance via a Gnosis Safe wallet, signaling possible accumulation or repositioning outside the exchange.
đŒ Trend Research Moves Affect ETH on Binance
Wallets linked to Trend Research have been depositing large amounts of ETH into Binance â 8,000 ETH recently as part of an ongoing debt resolution strategy.
Some analysts report continued significant deposits by Trend Research, fueling speculation about broader liquidation or market repositioning.
Observers note these moves are fueling speculation about Trend Research exiting or scaling down ETH positions.
ETH
2,063.56
-0.58%