The signal of liquidity drying up is quite critical: the amount of ETH available for sale has decreased, so short-term selling pressure will naturally be lighter. The rest depends on whether demand can catch up; otherwise, just "no one to sell" doesn't necessarily mean an immediate rise.

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.