New smart contract deployments on Ethereum have surged 192% above the 90-day baseline, while funding rates on Binance exceed their quarterly norm by 220%, a configuration that, according to CryptoQuant’s analysis, typically precedes a significant directional move. ETH price climbed unevenly from $1,770 to $1,903 over two weeks, amid stablecoin flows to Binance representing 370% of the three-month average, with daily inflows exceeding $58 million. Staking has reached a new all-time high of 33.58%, tightening the liquid float, while median transaction fees have dropped by over 96% over the same period. This simultaneous convergence of three distinct signals, without an evident price catalyst, creates the conditions for volatile moves in both directions according to CryptoQuant.
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