SparkLend hits 600,000 ETH deposit ATH
Ethereum (ETH)
Editor:
Eugene Serbin
1millionbacklinks.com reports that SparkLend has crossed 600,000 ETH in deposits, setting a new all-time high. This milestone highlights growing trust in conservative DeFi protocols. The achievement potentially influences future lending market dynamics. The post originally appeared on Crypto Briefing.
How the market reacted
Whalio's own Binance spot order flow for ETH, measured when this story was written up on 3 October 2026. Not the outlet's figures.
ETH trades at $2,668.59 with a 1-hour buy ratio of 47.2%, indicating a near-even split between buyers and sellers. However, the 4-hour buy ratio rises to 62.2%, showing that buying pressure is building over a slightly longer timeframe compared to the immediate hour. The 24-hour buy ratio sits at 44.4%, suggesting that over the full day, selling has slightly outweighed buying. Volume Delta measures the net difference between buy and sell volume; the 4-hour delta is positive at +$9,842,556, confirming recent accumulation. Conversely, the 24-hour delta is negative at -$128,547,313, indicating that cumulative selling has dominated the full day's activity despite the recent short-term shift.
The latest daily buy ratio of 46.8% sits at the 16th percentile of the last 322 days, against a median of 49.5% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ETH, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.0%, making today's 24-hour ratio of 44.4% 3.6 percentage points lower than the norm. Volume has been 1.85 times the weekly average, marking this as an unusually active day for the coin. Despite the elevated volume, there was only 1 day of net buying in the last 7 days. The 8-day price change is -0.9%, and the total Volume Delta for that period is -$274,815,118. This confirms that while activity is high, the broader weekly trend remains net negative.