Connect with us
DAPA Banner

Crypto World

Ethereum Flashes Bullish Signal Not Seen Since 2022 on Binance Futures

Published

on

ETH Taker Buy Sell Ratio

Ethereum’s (ETH) Taker Buy-Sell Ratio on Binance is flashing a signal not seen in nearly three years. The monthly average has climbed to around 1.016 and has held above 1 for several consecutive days.

The shift suggests that market-buy orders are outpacing sells on Binance’s ETH perpetual contracts, a signal CryptoQuant analyst Darkfost flagged as “early stages of a more constructive trend.”

Why Derivatives Data Matters More For ETH

For context, the Taker Buy Sell Ratio tracks the balance between market buy and sell volumes on perpetual contracts. A reading above 1 means aggressive buyers are outpacing sellers.

What stands out now is the monthly average holding above 1 for multiple consecutive days.

Advertisement

“This reflects a progressive return of buyer dominance on perpetual markets, suggesting the early stages of a more constructive trend,” the analyst said. “This therefore marks a constructive development for Ethereum, not seen since 2023.”

Follow us on X to get the latest news as it happens

ETH Taker Buy Sell Ratio
ETH Taker Buy Sell Ratio. Source: X/Darkfost

The signal carries added weight because futures activity on Binance now dwarfs spot trading. The exchange’s spot-to-futures volume ratio recently fell to 0.13, meaning roughly $7 in futures changes hands for every $1 in actual ETH buying.

That imbalance makes derivatives positioning the primary driver of short-term price action. Moreover, Binance accounts for approximately 37% of global ETH open interest. According to the analyst, this dominance makes it a key venue for assessing derivatives positioning.

Notably, the ratio’s move above 1 has been incremental rather than sudden. The analyst considers this pattern healthier than a sharp spike, which tends to create overleveraged positioning and trigger cascading liquidations.

The development comes despite ongoing macroeconomic and geopolitical uncertainty, suggesting early-stage structural improvement in ETH sentiment. However, the derivatives-heavy market structure still poses risks. A futures-led rally without matching spot demand could amplify volatility if positions unwind quickly.

Advertisement

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

The post Ethereum Flashes Bullish Signal Not Seen Since 2022 on Binance Futures appeared first on BeInCrypto.

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

BTC Targets $88K As Exchange Inflows Drop Under $3 Billion

Published

on

Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Adoption, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Bitcoin Futures, Price Analysis, Market Analysis

Mirroring a breakout setup from Q2 2025, Bitcoin (BTC) is now eyeing a possible rally toward the $86,000–$90,000 range over the next few weeks.

The bullish view is supported by robust Bitcoin whale activity and large BTC inflows to exchanges, which have dropped by $5 billion over the past two months.

BTC support cluster at $70,000 builds breakout pressure

Bitcoin reached a weekly high of $73,255 on Friday after testing the $72,000 level earlier in the week, with the price compressing between $70,000 and $72,000 over the past four days. The higher price range is showing more stability for BTC than in March, when BTC quickly corrected after reaching the key level. 

Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Adoption, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Bitcoin Futures, Price Analysis, Market Analysis
BTC/USDT on the four-hour chart. Source: Cointelegraph/TradingView

The 30-day rolling volume-weighted average price (VWAP), which indicates where most recent trading activity has occurred, and the 50-day moving average have converged below the price, forming a dynamic support base.

Currently, the $76,000 level marks the upper boundary of a 64-day sideways phase. A push above this level aligns with the descending trendline formed after the October highs near $126,000.

Advertisement

A breakout from this trend may signal a major shift and remove the psychological barrier that capped rallies over the past few months. 

In Q2 2025, a similar setup formed after a prolonged compression below the moving averages. Once the price cleared the descending trendline, it expanded quickly into the next supply zone.

Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Adoption, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Bitcoin Futures, Price Analysis, Market Analysis
BTC/USDT on the one-day chart. Source: Cointelegraph/TradingView

The current structure mirrors that sequence, with liquidity stacked between $86,000 and $90,000. This indicates a clean path for price expansion once the bearish trendline gives way.

Related: Bitcoin can be made quantum-safe without protocol upgrade: Researcher

BTC whale flows signal supply absorption

Crypto analyst Amr Taha noted that the 30-day Bitcoin inflows to exchanges from whales dropped to $2.96 billion, the first sub-$3 billion reading since June 2025.

Advertisement

The lower inflows reduce immediate sell-side pressure on exchanges. For context, the whale inflows to exchanges were as high as $8 billion in February. 

Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Adoption, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Bitcoin Futures, Price Analysis, Market Analysis
BTC whale-to-exchange flow on Binance. Source: CryptoQuant

At the same time, the long-term holder realized cap change reached $49 billion on April 9, marking renewed accumulation.

Taha noted a transfer of supply from weaker to stronger hands across these metrics. The divergence highlights steady absorption rather than aggressive selling.

Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Adoption, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Bitcoin Futures, Price Analysis, Market Analysis
BTC CVD indicator for whale orders. Source: CW/X

Additionally, whale-sized orders of $1 million to $10 million pushed the spot cumulative volume delta (CVD) above $600 million on April 9, while market analyst CW pointed to renewed buying from other whale cohorts as well.

This activity coincides with price stabilization above $70,000. The $76,000 level now acts as a trigger zone, with the $86,000 to $90,000 range holding a visible, concentrated liquidity zone. 

Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Adoption, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Bitcoin Futures, Price Analysis, Market Analysis
BTCUSDT liquidity map. Source: CoinGlass

Related: Bitcoin hits $73K as cool US CPI data shows 60-year record gas price hike