#Ethereum On-chain Update
Between Aug 14–15, $ETH dumped from $4,700 → $4,400, wiping out 29% of OI on Binance futures.
Funding flipped deep negative — shorts dominating.
Meanwhile, 128K ETH left Coinbase & 72K ETH left Binance.
Spot supply tightening + short-heavy derivatives = perfect short squeeze fuel.
