Binance leverage cleaning improves Ethereum market structure, but lacks bullish catalyst

The CryptoOnchain report points out that Ethereum's market structure has improved after Binance's leverage cleaning, but lacks a bullish catalyst. ETH is currently at $2439, down 6.5% on the 7th and 5.2% on the 30th. Binance's open contracts decreased to $6.1 billion, long liquidation increased by 47%, ETH reserves decreased by 2.4%, and the staking rate reached 36.1%. Binance USDT reserves decreased by 2.3%, stablecoin net outflow was $175 million, Coinbase premium was -0.11, transaction volume decreased by 4%, and destruction fees decreased by 58%.