ETH Net Taker Volume on Binance Reaches New All-Time High

“Ethereum (ETH) daily Net Taker Volume on Binance has reached a new all-time high of approximately $5.3 billion,” crypto on-chain analyst maartunn writes in X. “ETH's daily Net Taker Volume on Binance has reached a new all-time high of approximately $5.3 billion. Net taker volume is a metric that measures the difference between buy and sell volumes executed through market orders.

“The SEC's sudden notice to ETH spot ETF stakeholders to amend and re-file their 19b-4 filings prompted Bloomberg analysts to raise the probability of an ETH spot ETF launch to 75%,” said Mathews. Binance traders responded by buying large amounts of ETH via market orders. Binance traders are placing net long orders like there's no tomorrow in response to the ETF news.”