Crypto Blog
Binance is seeing a massive buyer demand for Ethereum, fueled by optimism surrounding the potential approval of a much-anticipated spot Ether ETF, prompting traders to aggressively accumulate the asset using market orders, even at higher prices.
In response to this news, Binance traders have aggressively taken long Ethereum positions using market orders. Within a single candle, the Taker Buy Volume exceeded the Taker Sell Volume by a whopping $530 million, marking the largest single-candle Net Taker Volume ever recorded on Binance for Ethereum.
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