On January 2nd, CryptoOnchain posted data on social media showing a large influx of Ethereum funds into Binance, with net inflows surging to 24,500 ETH, the highest level since July. Such a significant net inflow usually means more ETH is flowing into the trading platform, often a precursor to selling pressure. This phenomenon may reflect whale preparing to sell, or traders adjusting their positions for derivatives hedging.
ETH is currently consolidating around $2980, and increased supply on trading platforms may limit short-term upside potential. Historically, similar surges in fund inflows have often been accompanied by higher volatility or price declines. Overall, the current situation remains bearish in the short term, and those holding long positions should exercise caution.
