Key Insights:
- Ethereum news tracked whale inflows as Ether slid toward $2,400 on February 1.
- CryptoOnchain said Binance saw 357,000 Ether inflows, the highest since Sept.
- CoinGlass data showed over $2.5 billion in liquidations, as leverage unwound fast.
Ethereum news turned bearish on Feb. 1 as whales moved coins to exchanges. CryptoOnchain said Binance inflows hit 357,000 Ether that day. The post also said total top ten inflows neared 600,000 Ether across exchanges.
The flow spike mattered because Ether traded near key supports. Ether fell toward $2,400 as the broader market turned cautious. Ethereum news tied the slide to leverage, thin liquidity, and weekend risk.
Ethereum News Whale Inflows Hit Binance
CryptoOnchain stated Binance saw its largest daily inflow since Sept. The account said the Binance top ten exchange inflow metric surged. It also said all exchanges’ top ten inflows rose to about 600,000 Ether.
The synchronized jump pointed to coordinated large holder activity. CryptoOnchain noted that inflows often aligned with selling pressure or repositioning. The account also said inflows sometimes reflected derivatives liquidity or over-the-counter settlement.
Binance dominated Ether liquidity during the period, as per CryptoOnchain. The account stated that dominance made the 357,000 Ether figure more informative. Traders treated the data as a short-term risk gauge.
The Ethereum news reveals that traders watched the price reaction after the inflows. Funding rates offered another real-time signal. Moreover, follow-up flow prints clarified whether sellers stayed active.
Ethereum News: Liquidations Drove Ether Slide
Ethereum recorded one of its biggest declines this cycle. Ether dropped toward $2,400 while Bitcoin and major altcoins also fell. According to the source, Ether lost about 9% to 10% over the past 24 hours.
The same source said volume jumped above $50 billion during the drop. Panic selling, not orderly profit-taking, drove the move. It also blamed low liquidity and high leverage for the faster downside.
CoinGlass data showed forced unwinds accelerated the selloff. Over $2.5 billion in positions were liquidated in one day. Ether accounted for the largest share of those liquidations.
Long positioning amplified the damage after the supports broke. Margin calls followed as prices fell through levels. Traders reduced risk as weekend liquidity thinned.
The second source also stated that large investors reduced exposure after months of buying. Exchange-traded fund flows and derivatives positioning showed lower risk appetite. The total crypto market cap fell toward $2.6 trillion.
URPD Levels Mapped Next Ether Supports
Ali Martinez posted the next on-chain supports using the UTXO Realized Price Distribution. Martinez said Glassnode data placed supports at $2,623, $2,475, and $1,881. Ether first lost $2,772 before testing those zones.
Martinez explained that cost bases shaped support and resistance. The post said the metric tracked how much Ether traded at each price. Heavy activity below the spot often acted as support.
Ether later lost $2,623 and $2,475 during the weekend drop. That detail matched Martinez’s roadmap and the latest price action. Ethereum news, therefore, shifted from support identification to support failure.
Martinez said buyers often added near their cost bases to defend levels. That behavior could create short bounces. A weaker conviction reduced that defense during sharp deleveraging.
Traders watched whether demand absorbed exchange inflows after the breaks. CryptoOnchain said inflows did not always cause immediate selloffs. Liquidity provisioning sometimes produced the same on-chain pattern.
Ether faced near-term pressure if inflows stayed elevated and leverage was rebuilt. The second source said fear readings stayed high and sentiment stayed weak. Ethereum news kept focus on $2,400 and the $1,881 zone next.
Traders also watched whether Ether quickly reclaimed $2,475 and $2,623. Martinez treated those levels as cost basis clusters from Glassnode data. As per CryptoOnchain, new inflow spikes could confirm distribution. CoinGlass liquidations set the backdrop for further volatility over the coming sessions.