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Ethereum Eyes $2,000 as Binance Supply Drops: Short Squeeze Incoming?

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Ethereum Eyes $2,000 as Binance Supply Drops: Short Squeeze Incoming? - NewsBTC

Quick Summary:

Declining Exchange Supply Signals Reduced Selling Pressure A recent analysis by Amr Taha, a contributor to CryptoQuant’s QuickTake platform, points to a significant decline in Ethereum’s Exchange Supply Ratio on Binance — a metric that tracks the amount of ETH held on the platform relative to its circulating supply.

Taha notes that the combination of falling exchange balances and rising short interest creates favorable conditions for what he describes as a "liquidity hunt” — a situation where price is pushed to trigger liquidations and capitalize on trapped positions.

To illustrate this trend, Taha points to a similar case in April, when a sharp reduction in ETH’s exchange supply on Binance was followed by a price rally from below $1,700 to roughly $1,950, a 14% move within days.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 09:00:46 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 416 words

Reading Time: 3 minutes read

Sentences: 81 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 28319080

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 4 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 14 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #102

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