Ethereum faces selling pressure and rising shorts on Binance, risking Q2 gains versus Bitcoin.

Ethereum's Q2 gains of 10.48% look strong but lag behind Bitcoin's returns, with April and May showing notably smaller ETH gains. Rising Ethereum inflows and reserves on Binance, including large whale deposits, indicate increased selling pressure and supply. Concurrently, growing short positions on Bitfinex and clustered liquidity zones suggest a potential downside move, possibly trapping bullish traders. This combination raises concerns about Ethereum's ability to outperform Bitcoin in Q2, making Binance ETH flows a crucial metric to watch.