Binance Token Faces Growing Pessimism in Crypto Derivatives Market

Publikováno: 18.7.2023

Crypto traders are showing pessimism in the derivatives market for the embattled crypto exchange Binance’s native coin BNB amid the growing regulatory turmoil.
The open interest-weighted funding rate turned negative on Binance’s BNB coin this weekend, as per Coinglass data.
The negative open interest means that traders betting on a price decline are willing to pay those who are waiting on gains to keep their bearish positions open on the cryptocurrency. ...
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