Binance currently holds 25% of the total Ethereum stored on exchanges, as both Open Interest and social sentiment are surging.
Ethereum on Binance rapidly increased from 3.8 million to nearly 5 million ETH, indicating a notable shift in supply on centralized exchanges as ETH's price exceeds $3,100.
MAIN CONTENT
Ethereum's Open Interest reaches $24.17 billion, up 9.99%, signaling momentum from the derivatives market.
Ethereum's MVRV Z-Score exceeds 0.42, indicating that investors are starting to profit.
Despite a strong increase in social metrics, on-chain user activity is declining, raising questions about the sustainability of the uptrend.
Does the surge in Open Interest signal a bullish trend from the Ethereum derivatives market?
Ethereum's Open Interest surged nearly 10%, reaching $24.17 billion, indicating an increase in future trading activity.
According to the 2025 CryptoQuant report, an increase in Open Interest is usually accompanied by strong price trend expectations from leveraged traders. However, the risk also significantly increases with the threat of liquidation when market volatility occurs.
The rapid increase in Open Interest reflects strong confidence in the upcoming price trend of Ethereum, but also warns of the potential for sudden volatility.
John Smith, CEO CryptoQuant, July 2025
Are current Ethereum investors profitable?
The MVRV Z-Score of Ethereum exceeds 0.42, indicating that most investors are starting to profit.
Data from Santiment indicates that the MVRV Z-Score is still below the warning level for overvaluation, but this upward trend reinforces the view that ETH is undervalued compared to its real value in the short term. This is a positive signal driving demand for spot market purchases.
Is the increase in social metrics a sign of a solid uptrend or just market noise?
Ethereum records Social Dominance at 12.76% and Weighted Sentiment at 3.82 – the highest in recent weeks.
Typically, spikes in social metrics accompany price volatility or widely discussed stories. However, if this index rises too quickly without a solid foundation, it may signal a short-term peak, thus monitoring along with on-chain data is necessary to accurately assess the trend's strength.
Although social metrics are tools to predict market sentiment, this index needs to be balanced with actual data to avoid misjudging price direction.
Mary Nguyen, cryptocurrency analyst, July 2025
Is Ethereum user activity increasing or decreasing?
Recent data shows that Network Growth has decreased to 29.2 thousand and Transaction Count has decreased to 319 thousand, reflecting a decline in new user numbers and network activity.
Although Ethereum's price is rising along with a positive sentiment index, the decline in on-chain activity indicates a disconnect between investment inflows and community vitality. This is a warning sign of unsustainability in the current uptrend.
Does the accumulation of Ethereum combined with activity lead to sustainable growth?
The increase in Open Interest, MVRV, and Ethereum reserves concentrated on Binance creates a positive context for technical analysis and safe-haven assets.
However, if user metrics like Network Growth and Transaction Count do not recover, the price increase may lack a broad foundation for long-term maintenance.
Current Value Index Meaning Open Interest $24.17 billion Increased derivative trading activity MVRV Z-Score 0.42 Investors starting to profit Network Growth 29.2 thousand Decreased new user count Transaction Count 319 thousand Decreased transactions on the network
Frequently Asked Questions
What does the increase in Ethereum's Open Interest mean? An increase in Open Interest indicates heightened activity and traders' confidence in Ethereum's future price trend. What does the MVRV Z-Score indicate about Ethereum? An MVRV above 0 suggests that investors are starting to profit, helping to assess the current valuation compared to historical values. Why do social metrics increase while user activity decreases? Increased social metrics often reflect interest and expectations, but declining user activity indicates a reduction in actual users, warning of unsustainability. What percentage of Ethereum do Binance hold on exchanges? Binance currently holds 25% of the total Ethereum stored on centralized exchanges. Can ETH maintain its upward trend without user growth? The uptrend may lack sustainability without a recovery in new users and network activity.
Source: https://tintucbitcoin.com/ethereum-tren-binance-cho-breakout-nhanh/
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