🐳 Whales/institutions are panic-selling $ETH! Two wallets, possibly both linked to Gammafund, deposited 10,976 $ETH ($23.9M) into Binance over the past hour.

🚀 The consensus take on ETH: dead, $2,261, second losing week, Glamsterdam is the only catalyst left. Our Exchange Flux Balance says the opposite. ETH net flow to exchanges has been negative 9 of the last 14 days. That's coins leaving — not piling up to sell. The Smart Money Flow Index (ETH-exclusive metric) printed its third consecutive bullish divergence vs price last week. Spot ETH ETFs flipped from a 6-month outflow streak to $356M April inflow — the first positive month since the launch period. Translation: The cohort that actually moves price is accumulating while retail writes obituaries. Most ETH is dead takes are reading price. We read flow. Different game. Live ETH flow stack →

Coinbase launches USDC-backed loans collateralized by SOL. Read more