A significant net inflow of more than 92,000 ETH into Binance, as shown in the latest exchange netflow data.
Historically, large inflows of Ethereum to exchanges, especially Binance—the world’s largest cryptocurrency exchange by liquidity and daily trading volume—have been associated with heightened selling pressure and subsequent price declines.
In early April, we observed a similar pattern: a notable surge of Ethereum deposits into Binance, marked by previous large green spikes on the netflow chart, was quickly followed by a sharp correction in Ethereum’s price.
Typically, large wallets and funds deposit Ethereum onto Binance when they intend to either realize profits or exit positions, leveraging Binance's deep liquidity to execute large trades without causing excessive slippage.
shortly before this latest massive Ethereum deposit, whale wallets sent over $500 million worth of Bitcoin to exchanges on April 23, according to the Whales Screener.
This Bitcoin transfer occurred just one day before the Ethereum inflow into Binance highlighted in the Ethereum Netflow chart, suggesting coordinated scale movements by holders across both assets.
investor sentiment remains cautious due to the ongoing trade war tensions between the United States and China. The uncertainty surrounding escalating tariffs has heightened risk-off behavior across global markets, which could further pressure cryptocurrencies like Ethereum and Bitcoin in the near ter
In summary, the combination of:
* Over $500 million worth of Bitcoin sent to exchanges on April 23.
* Over 92,000 ETH deposited into Binance on April 24.
* Additional Bitcoin deposits seen on April 26.
… all points to a potentially bearish scenario developing.
Traders and investors should remain highly cautious and monitor exchange inflow metrics closely, as history shows that such patterns often precede notable price declines.
Written by Amr Taha
