ETH inflow to Binance hits the highest level since July, possibly indicating that whales are preparing to sell

CryptoOnchain has released data on social media indicating a large influx of funds into Binance from Ethereum, with net inflows soaring to 24,500 ETH, marking the highest record since July. Such a significant net inflow usually indicates that more ETH is moving onto trading platforms, often a precursor to selling pressure. This phenomenon may reflect that whales are preparing to sell, or that traders are adjusting positions for derivatives hedging.

Currently, ETH is consolidating around $2,980, and the increase in supply on trading platforms may limit short-term upside potential. Historically, similar surges in inflows have often been accompanied by higher volatility or downward trends. Overall, the current pattern remains bearish in the short term, and those holding long positions should proceed with caution.