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#ETH Outflow accelerated, #Binance supply ratio dropped below 0.037, bullish signal is here!
#九月加密市场能否突破? Ethereum (ETH) has recently been fluctuating slightly in the $4,200–$4,500 range, at first glance, it seems there is not much directional sense… but on-chain data is secretly telling us that something big is approaching 👀
According to
#CryptoQuant 's
#arab Chain data, from August 16 to September 3, ETH's supply ratio (ESR) on Binance plummeted from 0.041 to 0.037! This is the largest drop in just two weeks, what does it mean? Investors are swiftly moving ETH from exchanges to cold wallets 🏦💨
🔹 Price stabilizing = Strong investor confidence
Although ETH's price has been fluctuating around $4,400, everyone is holding, indicating that long-term holders are confident and do not want to sell easily.
🔹 Low ESR often signals a bull market
Historical data shows that when exchange liquidity decreases, selling pressure is limited, making it easier for prices to rise. And now the ESR has returned to levels seen before June, the market is quietly "harvesting" the wallets of long-term players 📈
🔹 Bull market conditions are gathering
1️⃣ Decreased leverage → Reduced speculative positions
2️⃣ Neutral perpetual contract funding rate → No overheating
3️⃣ ETH whale activity weakened → Long-term holders are holding and not selling
In addition, the amount of ETH staked has soared to 36 million, with clear signals of supply tightening 💎
Finally, daily trading volume has also reached a 12-month high 🔥 Overall, various big players are optimistic about ETH's future trend, and the bull market cycle seems to be really coming!
📊 To summarize: Price stable, supply tight, long-term players not moving, ETH may be quietly taking off ✨