Why hasn't the $12.85 million buy order for ETH independent insertion pushed up the price?

PRO "Large Transaction" shows that from 14:15 to 14:20 today, Binance ETH/USDT saw a market price buy of $12.8475 million, with an average buy price of $1865.54. The significant net inflow of active funds during the same period has turned green, indicating a clear advantage in active buying. This batch of market price buy orders continuously swept through sell orders, temporarily withdrawing Binance's liquidity from the market, and the price was once pushed to $1882.44, with a fluctuation of 1.02%. But other platforms did not synchronize with the rise, and the local price difference was quickly fixed, thus forming Binance's independent pin. It is worth noting that after the large transaction, ETH not only did not stabilize at a high level, but also subsequently fell below the main buying price. This indicates that although active buying is strong, it is absorbed by the selling orders of the opponent, and the buyer has not yet regained pricing power. This type of signal is difficult to detect by looking at the K-line alone, but PRO's "large transactions" can tell you that when buying appears and the price rises, the buyer is effective; Buying in large quantities but not increasing in price is absorbing signals. By opening PRO now, you can unlock the "Large Transaction" indicator and track the real-time trading trends of the main market price. The data is for reference only and does not constitute any investment advice.