CryptoOnchain2025-10-20

Major Trend Reversal on Binance: From Peak Selling Pressure to a Wave of Ethereum

The Ethereum Exchange Netflow chart for Binance illustrates a dramatic and potentially bullish trend reversal. This key on-chain metric, which gauges market sentiment and available supply pressure, has pivoted from a phase of intense inflows to one of deep, sustained outflows. Around June 2025, the 30-day Simple Moving Average (SMA) of the Netflow peaked near +30,000 ETH. This massive influx onto the exchange signaled a period of significant potential selling pressure, as investors moved their assets onto Binance, likely with the intent to sell. However, this trend has completely inverted. In recent months, the metric has plunged, with the 30-day SMA now standing at approximately -16,000 ETH. This powerful negative outflow indicates that selling pressure has not only drastically decreased but has been replaced by a strong wave of accumulation. Investors are actively withdrawing ETH from the exchange, likely moving it to private wallets for long-term holding (HODLing). This significant reduction of sellable supply on the world’s largest exchange, if it continues, could serve as a powerful supportive factor for Ethereum’s price in the medium term.