Ethereum’s netflow on Binance has recently turned neutral, indicating a balance between deposits and withdrawals.
It could indicates that there is currently no significant buying or selling pressure.
This may suggest that ETH is in an accumulation phase, with investors holding their positions and awaiting a catalyst to either buy or sell.
As Open Interest continues to rise and approaches an all-time high on Binance, we can wonder if this is the calm before the storm ?
Written by Darkfost
