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The 2.4 Million Ethereum Anchor: How Binance’s Illiquid Supply Is Absorbing ETH’s February Volatility

Bitcoinist|Sebastian Villafuerte|February 28, 2026 at 03:00 AM|1 views

🤖AI Summary

Ethereum faces volatility around the critical $2,000 level, with Binance holding 2.4 million ETH in illiquid supply that's helping absorb market volatility. The $2,000 level serves as a psychological battleground rather than confirmed support, with limited conviction in current price stabilization.

Key Takeaways

→Ethereum is experiencing heightened volatility while hovering around the critical $2,000 price threshold.
→Binance holds 2.4 million ETH in illiquid supply that is helping to absorb February's market volatility.
→The $2,000 level functions more as a psychological battleground than confirmed technical support.
→Recent price stabilization shows limited conviction after weeks of selling pressure.
→Market positioning and liquidity conditions are key factors influencing ETH's current price action.

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#ethereum #eth #binance #liquidity #volatility #support-levels #price-action #market-analysis

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