Ethereum: 25.5K ETH CEX Inflows against 31.6K ETH Binance Outflow
Coinglass data show say Ethereum don enter central exchanges (CEX) totalling 25,500 ETH for the past 24 hours. Bybit carry front for the inflows with 29,100 ETH follow by Kraken wey get 23,400 ETH and Bithumb wey get 2,309 ETH. But Binance dey suffer big outflow of 31,600 ETH. This difference show say liquidity dey change and fit affect how people dey trade. Traders suppose dey track these Ethereum CEX inflows to sabi how market go move. Sudden inflows fit mean say people wan sell, but if e dey flow out e fit mean holders get confidence. Watching these numbers fit help understand short-term moves and long-term accumulation styles.
Bearish
Net inflows of 25,500 ETH go CEXs dey show say traders dey move ETH enter platforms, wey usually be sign say dem fit wan sell. Similar spikes for Ethereum inflows early 2023 join with price dey fall. Even though Binance outflows mean holders believe, di overall net inflow point say near-time sell pressure fit dey. Short term, more CEX liquidity fit make price drop as supply go high. Long term, continuous outflows fit show say people dey accumulate and support bullish view, but current data talk say immediate bearish momentum dey.