Ethereum Open to Liquidity Hunt

In the chart,

Total Inflow: 1.595T

Total Outflow: 1.583T

The net difference is around $12B USD and is very limited. This indicates that there is no aggressive net inflow or outflow of money on the #Binance side. The market is not in panic mode. It seems to be more of a position change and waiting phase. This kind of balance usually coincides with periods of horizontal consolidation.

Inflow,

$USDT: 641.7B (40.22%)

$USDC: 469.6B (29.43%)

Outflow,

USDT: 627.4B (39.62%)

USDC: 469.5B (29.65%)

There is a very clear balance in stablecoins. Stablecoins are coming to the exchange but also leaving, meaning there is no large amount of money expected for buying. But there is no flight from the market either. This pattern generally occurs when whales haven't made a clear decision to buy, and they don't find the price increase sufficient to sell their ETH in their wallets.

$ETH Inflow

418.1B (26.21%)

#ETH Outflow

420.6B (26.56%)

There's a very slight outflow dominance on the ETH side. #Ethereum is entering exchanges with the potential intention of selling. However, the outflow is almost the same size, meaning the sold ETH is being replaced. This shows that long-term investors haven't abandoned ETH. It's clear that most of the inflows and outflows are due to short-term trading, futures/hedge trading, or arbitrage. These inflows and outflows aren't putting pressure on the ETH price. However, there's not yet enough power to start a rally.

Assets like $UNI, $LINK, $AAVE, $DAI, and $PAXG are very small in terms of percentage. There's no altcoin season behavior. If there were an altcoin rally, we would see outflow > inflow in these assets. In other words, withdrawals from exchanges would increase. ETH price is expected to continue its sideways movement in the short term. Breakouts may remain as fake breakouts. The possibility of a liquidity hunt seems high. #Ethereum