Ethereum Volatility on Binance: Whale Movements Trigger $2,500 Price Swing
Ethereum experienced significant volatility, briefly dropping below $2,500 due to heightened selling pressure and large-scale whale activity. Blockchain analytics detected substantial exchange inflows, including a 385,000 ETH deposit to Binance, sparking speculation of institutional profit-taking. This movement occurred alongside broader risk-off sentiment in global markets, influenced by escalating trade tensions and U.S. tariff uncertainties. The price action highlights the sensitivity of crypto markets to large transactions and macroeconomic factors, with Binance serving as a key platform for these high-volume trades.
Ether Rebounds After Brief Dip Below $2,500 Amid Whale Activity Concerns
Ethereum faced intensified selling pressure in late trading, briefly slipping below the $2,500 threshold as market sentiment soured. The MOVE coincided with risk-off flows across global markets amid escalating trade tensions and U.S. tariff uncertainties.
Blockchain analytics revealed substantial exchange inflows, including a 385,000 ETH deposit to Binance, fueling speculation of institutional profit-taking. The second-largest cryptocurrency subsequently recovered to $2,506, though traders remain cautious about sustaining this support level.
Price action traced a volatile 1.95% range between $2,551.09 and $2,499.09 before establishing tentative support. A bullish ascending channel pattern collapsed under concentrated selling NEAR $2,550, triggering a rapid two-minute decline that saw 48,000 ETH change hands.
Binance’s CZ Advocates for Privacy-Focused Perpetual DEX Amid Transparency Concerns
Binance founder Changpeng Zhao (CZ) has called for the development of a dark pool perpetual decentralized exchange (DEX), highlighting growing unease over the transparency of current DEX platforms. In a recent social media post, CZ pointed out the inherent risks for large-scale traders, whose orders are visible in real-time, exposing them to front-running and MEV attacks.
The issue is particularly acute in perpetual DEXs, where liquidation events can become public targets, exacerbating slippage and execution inefficiencies. CZ contrasted this with centralized exchanges (CEXs), where order books, while visible, do not directly LINK orders to individual identities. "If you’re looking to purchase $1 billion worth of a coin, you generally wouldn’t want others to notice your order until it’s completed," he remarked.
The push for a privacy-centric DEX reflects broader concerns in the crypto trading ecosystem, where transparency, often touted as a virtue, can become a vulnerability for institutional and high-net-worth participants.