A 500 Million Ethereum Overnight Binge
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Small Picture
Overnight, 500 million ETH.USDT was purchased.
Yesterday, 1.5 billion ETH.USDT was sold on Binance.
To challenge yesterday's resistance, we need to see an extra 1 billion ETH.USDT bought on Binance today.
Big Picture
8 billion ETH.USDT was bought between May 23rd and May 29th on Binance.
7 billion ETH.USDT was sold during the same period.
To challenge weekly selling pressure, we need to see a net total of 7 billion in ETH.USD purchases. Currently, the level is at 6.5 billion since 500 million was already bought overnight.
Interesting Half-Truths
Whales cause chart formations. Ethereum is centralized on Binance.
Nerve-wracking, right?
Overnight, 500 million ETH.USDT was purchased.
Yesterday, 1.5 billion ETH.USDT was sold on Binance.
To challenge yesterday's resistance, we need to see an extra 1 billion ETH.USDT bought on Binance today.
Big Picture
8 billion ETH.USDT was bought between May 23rd and May 29th on Binance.
7 billion ETH.USDT was sold during the same period.
To challenge weekly selling pressure, we need to see a net total of 7 billion in ETH.USD purchases. Currently, the level is at 6.5 billion since 500 million was already bought overnight.
Interesting Half-Truths
Whales cause chart formations. Ethereum is centralized on Binance.
Nerve-wracking, right?
註釋
I haven't seen enough big purchases today to overcome resistance.The last purchase for 100 million was at noon.
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