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Ethereum Derivatives Momentum Surges While Binance Records Heavy Selling Pressure
Summary by Blockonomi
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1 Articles
Ethereum Derivatives Momentum Surges While Binance Records Heavy Selling Pressure
TLDR: Ethereum derivatives power index climbed to +0.088 on January 16, matching October levels when ETH traded above $4,600 Binance recorded -$440M in net taker volume over two days, signaling potential institutional distribution patterns The October parallel proved bearish as ETH dropped nearly 40% following similar derivative momentum readings Rising momentum combined with negative net volume creates rare configuration historically preceding…
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