Liquidity drying up is quite like "pulling out the sell button"—even if someone wants to dump, there isn't much spot supply left, so when sentiment warms up, it's easy to be driven higher.

View Original
CryptoFrontier
Ethereum Liquid Supply Hits 2024 Low on Binance
Abstract: CryptoQuant reports a notable contraction in Ethereum's liquid supply on Binance, with liquid ETH dropping to about 534,000 from a total reserve of 3.44 million. The trend, termed liquidity dryup, could reduce near-term selling pressure and provide price support if demand improves.

Summary: CryptoQuant notes Binance's ETH liquid supply fell to ~534k of 3.44M total, signaling a liquidity dryup that could ease selling pressure and support prices if demand strengthens.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin