{"id":2003,"date":"2024-05-22T04:15:37","date_gmt":"2024-05-22T04:15:37","guid":{"rendered":"https:\/\/cryptd.in\/ethereum-net-taker-volume-on-binance-skyrockets-to-historic-levels-amid-etf-rumors-details\/"},"modified":"2024-05-22T04:15:37","modified_gmt":"2024-05-22T04:15:37","slug":"ethereum-net-taker-volume-on-binance-skyrockets-to-historic-levels-amid-etf-rumors-details","status":"publish","type":"post","link":"https:\/\/cryptd.in\/it\/ethereum-net-taker-volume-on-binance-skyrockets-to-historic-levels-amid-etf-rumors-details\/","title":{"rendered":"Ethereum Net Taker Volume on Binance Skyrockets to Historic Levels Amid ETF Rumors: Details"},"content":{"rendered":"<p>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.<\/p>\n<p>This was spotted by CryptoQuant after a massive spike in the Net Taker Volume for Ethereum on the popular exchange, which hit an all-time high.<\/p>\n<h2>Ethereum Taker Demand Surges on Binance<\/h2>\n<p>The Net Taker Volume metric measures the difference between buying and selling volume facilitated by market orders, which are orders that prioritize immediate execution over price.<\/p>\n<p>This surge in Net Taker Volume, according to CryptoQuant\u2019s latest <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/664bbf91e406993bcfea5c7b-ETH-Net-Taker-Volume-Binance-hits-all-time-high\" target=\"_blank\" rel=\"noopener\">analysis,<\/a> was likely driven by the speculation of a highly anticipated approval of a spot Ether ETF by ETF Specialist James Seyffart, who stated a 75% likelihood of being greenlighted.<\/p>\n<p>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.<\/p>\n<p>This indicates that Binance traders were extremely bullish on Ethereum and were willing to pay higher prices for immediate execution of their buy orders, likely in anticipation of a potential price surge if an Ethereum ETF does get <a href=\"https:\/\/cryptopotato.com\/can-ethereum-eth-top-4000-this-week-if-etfs-are-approved\/\" target=\"_blank\" rel=\"noopener\">approved<\/a>.<\/p>\n<p>\u201cBinance traders are making taker orders on the Ethereum ETF news like there is no tomorrow.\u201d<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/05\/1234.jpg\"><\/a>Net_Taker_Volume on Binance. Source: CryptoQuant<\/p>\n<h2>Increased Likelihood of Spot Ether ETF<\/h2>\n<p>Along with Seyffart, Eric Balchunas, another senior analyst at Bloomberg, <a href=\"https:\/\/cryptopotato.com\/heres-why-eth-just-exploded-10-back-to-3400\/\">increased <\/a>his previously estimated probability for the approval of a spot Ether ETF from 25% to 75%.<\/p>\n<p>The basis of their argument was the heightened political pressure on the US Securities and Exchange Commission (SEC) as a contributing factor. They also pointed out that the regulatory agency\u2019s previous stance appeared to show minimal engagement with the applicants seeking approval for these ETFs. This lack of engagement suggested a reluctance on the part of the SEC to consider these applications seriously.<\/p>\n<p>However, Balchunas now believes that the SEC may be facing external pressure, potentially from political sources, which has led him to reassess the likelihood of an Ethereum ETF.<\/p>\n<p>Il post <a href=\"https:\/\/cryptopotato.com\/ethereum-net-taker-volume-on-binance-skyrockets-to-historic-levels-amid-etf-rumors-details\/\">Ethereum Net Taker Volume on Binance Skyrockets to Historic Levels Amid ETF Rumors: Details<\/a> \u00e8 apparso per la prima volta su <a href=\"https:\/\/cryptopotato.com\/\">Criptopatate<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>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. This was spotted by CryptoQuant after a massive spike in the Net Taker Volume for Ethereum on the popular [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":2004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ethereum Net Taker Volume on Binance Skyrockets to Historic Levels Amid ETF Rumors: Details - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/it\/ethereum-net-taker-volume-on-binance-skyrockets-to-historic-levels-amid-etf-rumors-details\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Net Taker Volume on Binance Skyrockets to Historic Levels Amid ETF Rumors: Details - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"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. This was spotted by CryptoQuant after a massive spike in the Net Taker Volume for Ethereum on the popular [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptd.in\/it\/ethereum-net-taker-volume-on-binance-skyrockets-to-historic-levels-amid-etf-rumors-details\/\" \/>\n<meta property=\"og:site_name\" content=\"cryptd.in\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-22T04:15:37+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Tempo di lettura stimato\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minuti\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-net-taker-volume-on-binance-skyrockets-to-historic-levels-amid-etf-rumors-details\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-net-taker-volume-on-binance-skyrockets-to-historic-levels-amid-etf-rumors-details\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Ethereum Net Taker Volume on Binance Skyrockets to Historic Levels Amid ETF Rumors: Details\",\"datePublished\":\"2024-05-22T04:15:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-net-taker-volume-on-binance-skyrockets-to-historic-levels-amid-etf-rumors-details\\\/\"},\"wordCount\":398,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-net-taker-volume-on-binance-skyrockets-to-historic-levels-amid-etf-rumors-details\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Binance_Ethereum-U9F0Do.jpeg\",\"articleSection\":[\"Feeds\"],\"inLanguage\":\"it-IT\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/ethereum-net-taker-volume-on-binance-skyrockets-to-historic-levels-amid-etf-rumors-details\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-net-taker-volume-on-binance-skyrockets-to-historic-levels-amid-etf-rumors-details\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/ethereum-net-taker-volume-on-binance-skyrockets-to-historic-levels-amid-etf-rumors-details\\\/\",\"name\":\"Ethereum Net Taker Volume on Binance Skyrockets to Historic Levels Amid ETF Rumors: Details - 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