On December 5, 2025, on-chain data recorded a massive spike in Ethereum Exchange Netflow to Binance. The netflow reached approximately 162,084 ETH, while the price traded around the $3,021 mark.
This event marks the highest daily positive netflow observed since May 2023. Typically, a surge in positive netflow indicates that more investors are depositing coins onto the exchange than withdrawing them. Such behavior is often interpreted as a bearish signal or a precursor to increased selling pressure, as holders move assets from cold storage to the exchange with the potential intent to sell.
Given the magnitude of this inflow, market participants should remain cautious. A supply shock of this size, if executed as market orders, could lead to heightened volatility or a short-term price correction. Monitoring the exchange’s order book depth and open interest in the coming days will be crucial to see if this inflow is absorbed or if it triggers a sell-off.
Written by CryptoOnchain
