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 [...]

The post Ethereum Derivatives Momentum Surges While Binance Records Heavy Selling Pressure appeared first on Blockonomi.