Ethereum trading activity on Binance has surged, with approximately 29.6 million ETH changing hands over the past 30 days, marking the highest turnover since September 2025. The spike suggests traders are rapidly repositioning portfolios amid returning market volatility. Concurrent data shows derivatives market behavior shifting and a positive Coinbase premium, indicating renewed buying interest from U.S. traders as ETH trades above $2,000.
Data shared by Arab Chain on March 5 shows the 30-day Ethereum exchange liquidity ratio on Binance has climbed to 8.47. The exchange holds around 3.5 million ETH in reserves, but trading volume reached almost 29.6 million ETH, indicating the same coins have been traded multiple times.
A note from Arab Chain stated, “Historically, high turnover rates have often coincided with increased market liquidity and faster asset movement between wallets and exchanges, reflecting heightened risk appetite among traders.” The latest reading is the highest since September of last year.
Market analyst Moreno noted that net taker volume in derivatives markets has started to move back into positive territory after months of aggressive selling. When this metric flips positive, the first phase often reflects short covering rather than fresh long-term demand.
Another signal of demand came from the Coinbase premium for both Bitcoin and Ethereum. According to analyst CW, the premium is positive, suggesting buyers on the U.S. exchange are paying slightly higher prices than global markets.
Ethereum’s price has climbed past the $2,000 level, gaining about 4.6% in the last 24 hours. The asset remains about 9% lower over the last 30 days despite recent gains.
