After a few days of downward pressure and decrease Ether LeeumThe main Altcoin seems to be preparing for a comeback as it surge at the price level of $ 4,400. Despite the weak price behavior, the second largest asset continues to see the serious interest of investors, especially on the Binance Crypto platform.
Liquidity migration and Ether Leeum dominate the trend.
As the market is weak, liquidity flow and investor behavior transpositionThe world's largest cryptocurrency exchange shows clear market rotation. Among this important market change, there is an Ethereum as Altcoin dominates the trend.
Following his analysis, Darkfost Emphasis The ETH is getting an unbalanced amount of transaction activity on the Binance platform while capital moves across the assets. ETH's domination indicates a new belief in the ongoing assets and long -term potential.
According to an entire chain expert and author, in August, Binance had a noticeable investor behavior and showed its first type since 2023. Ether Leeum, on the other hand, took the central stage with a significant increase in trading volume compared to other major assets.
In addition to dominating other major assets listed in binance, Altcoin surpassed BitcoinThe volume of the platform. The surge in interest is consistent with the continued market volatility and emphasizes the development location of ETH as the center of momentum and liquidity of the Exchange ecosystem.
According to the data shared by Darkfost, ETH recorded almost $ 550 trillion in Binance in August alone. After calculating the trading volume of Binance, this figure represents about 54%of the total amount. Darkfost also appears to have increased the interest in investor's interest in Altcoin rapidly on the Binance platform, which caused it to be clear. Fluid.
Most Cryptocurrencies still have a hard time and Bitcoin has recently reached a new all -time high for about $ 123,000. Increased interest in ETH Contributed to the current achievements. Historically, some of the capital tended to switch to ETH along the strong optimistic legs of BTC.
ETH Exchange reserves are falling
Another metric that reflects this new interest is Binance Ethereum Exchange Reserve. Despite the continuous drop in ETH after reaching the newest level of ETH, Crypto Sunmoon'S Quick Take Post The demand for Altcoin is Bitcoin.
While doing Bitcoin reserves It was relatively constant on the Binance platform, and Etherrium reserves showed a continuous downward trend. According to the warm chain expert This radiance Since market participants are actively accumulating ETH at the current price integration stage, there is a higher demand for Ether Leeum than Bitcoin.
In addition, the decrease in Exchange Reserves indicates that investors are moving the central response to long -term storage or refrigerator. This trend points out the increase in guilty rulings among investors, which in general, reduces sales pressure on ETH.
The main image of Adobe Stock, the chart of TradingView.com
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